Colorado § 42-7-418 - Money - securities for financial responsibility.
Full text of Colorado Colorado Revised Statutes § 42-7-418 — Money - securities for financial responsibility., with citation guidance and answers to common questions.
§ 42-7-418. Money - securities for financial responsibility.
(1) A person may give proof of financial responsibility by delivering to the director money in an amount or securities approved by said director and of a market value in a total amount as would be required for coverage in a motor vehicle liability policy furnished by the person giving such proof under this article. Such securities shall be of a type which may legally be purchased by savings banks or for trust funds.
(2) All money or securities so deposited shall be subject to execution to satisfy any judgment mentioned in this article but shall not otherwise be subject to attachment or execution.
Source: L. 94: Entire title amended with relocations, p. 2487, § 1, effective January 1, 1995.
Cross references: For permitted investments by savings and loan association, see § 11-41-114; for fiduciary investments, see part 3 of article 1 of title 15.
ANNOTATION
Law reviews. For article, "Recovery of Interest: Part II — Other Than Personal Injury", see 18 Colo. Law. 1307 (1989).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 42-7-418
What does Colorado Revised Statutes § 42-7-418 cover?
Section 42-7-418 ("Money - securities for financial responsibility.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 42-7-418?
A common citation format is "Colorado Revised Statutes § 42-7-418" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 42-7-418 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.