Security deposited in compliance with the requirements of this chapter shall be placed by the director in the custody of the State Treasurer and shall be applicable only to the payment of a judgment or judgments rendered against the person or persons on whose behalf the deposit was made, for damages arising out of the accident in question in an action at law, begun not later than the period of time provided in Section 6-2-38(l), with regard to actions for injury to the person or rights of another not arising from contract, or any successor statute of limitations, for general negligence, following the date of such accident or within the period of time following the date of deposit of any security under subdivision (3) of Section 32-7-8, or to the payment in settlement agreed to by the depositor of a claim or claims arising out of such accident. Such deposit or any balance thereof shall be returned to the depositor or his or her personal representative when evidence satisfactory to the director has been filed with him or her that there has been a release from liability, or a final adjudication of nonliability, or a duly acknowledged agreement, in accordance with subdivision (4) of Section 32-7-7, or whenever, after the expiration of the period of time following the date of the accident or from the date of any security under subdivision (3) of Section 32-7-8, the director shall be given reasonable evidence that there is no such action pending and no judgment rendered in such action left unpaid.
Structure Code of Alabama
Title 32 - Motor Vehicles and Traffic.
Chapter 7 - Motor Vehicle Safety-Responsibility Act.
Section 32-7-1 - Citation of Chapter.
Section 32-7-3 - Administration of Chapter; Appeal to Court.
Section 32-7-4 - Director to Furnish Operating Record.
Section 32-7-5 - Report Required Following Accident.
Section 32-7-6 - Security Required; Suspensions; Applicability.
Section 32-7-6.1 - Motor Vehicle Liability Insurance Coverage.
Section 32-7-7 - Further Exceptions to Requirement of Security.
Section 32-7-8 - Duration of Suspension.
Section 32-7-10 - Form and Amount of Security.
Section 32-7-11 - Custody, Disposition and Return of Security.
Section 32-7-12 - Matters Not to Be Evidence in Civil Actions.
Section 32-7-13 - Courts to Report Nonpayment of Judgments.
Section 32-7-15 - Suspension to Continue Until Judgments Paid and Proof Given.
Section 32-7-16 - Payments Sufficient to Satisfy Requirements.
Section 32-7-17 - Installment Payment of Judgments.
Section 32-7-18 - Proof of Financial Responsibility Required Upon Certain Convictions.
Section 32-7-20 - Certificate of Insurance as Proof.
Section 32-7-21 - Certificate Furnished by Nonresident as Proof.
Section 32-7-22 - Motor Vehicle Liability Policy Defined; Policy Provisions.
Section 32-7-23 - Uninsured Motorist Coverage; "Uninsured Motorist" Defined; Limitation on Recovery.
Section 32-7-24 - Notice of Cancellation or Termination of Certified Policy.
Section 32-7-25 - Chapter Not to Affect Other Policies.
Section 32-7-26 - Bond as Proof of Financial Responsibility.
Section 32-7-27 - Money or Securities as Proof.
Section 32-7-28 - Owner May Give Proof for Others.
Section 32-7-29 - Substitution of Proof.
Section 32-7-30 - Additional Proof May Be Required.
Section 32-7-31 - Duration of Proof; When Proof May Be Cancelled or Returned.
Section 32-7-32 - Transfer of Registration to Defeat Purpose of Chapter Prohibited.
Section 32-7-33 - Surrender of License and Registration.
Section 32-7-34 - Self-Insurers.
Section 32-7-35 - Assigned Risk Plans.
Section 32-7-37 - Other Violations; Penalties.
Section 32-7-38 - Employment of Necessary Employees.
Section 32-7-40 - Chapter Supplemental to Other Laws.
Section 32-7-41 - Chapter Not to Prevent Other Process.