The payment of a judgment arising out of an accident or the payment upon the judgment of an amount equal to the maximum amount which could be required for deposit under this subchapter shall, for the purposes of this subchapter, release the judgment debtor from the liability evidenced by the judgment.
Structure Arkansas Code
Subtitle 2 - Motor Vehicle Registration and Licensing
Chapter 19 - Motor Vehicle Safety Responsibility Act
Subchapter 6 - Security Following Accident
§ 27-19-601. Applicability generally
§ 27-19-603. Determination and notice of amount of security required
§ 27-19-604. Exceptions to security requirement
§ 27-19-605. Requirements as to policy or bond
§ 27-19-606. Designation of persons covered
§ 27-19-607. Form and amount of security
§ 27-19-608. Reduction in premium for certain persons completing accident prevention course
§ 27-19-609. Authority to adjust amount limited
§ 27-19-610. Suspension for failure to deposit security
§ 27-19-611. Duration of suspension
§ 27-19-612. Agreements for payment of damages
§ 27-19-613. Release from liability
§ 27-19-614. Adjudication of nonliability
§ 27-19-615. Payment upon judgment
§ 27-19-616. Termination of security requirements
§ 27-19-617. Disposition of security
§ 27-19-618. Return of deposit
§ 27-19-619. Forfeiture when not claimed within certain period