Tex. Transp. Code § 601.163

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 601.163 - Form of Security

(a) The security required under this subchapter shall be made:

(1) by cash deposit;

(2) through a bond that complies with Section 601.168; or

(3) in another form as required by the department.

(b) A person depositing security shall specify in writing the person on whose behalf the deposit is made. A single deposit of security is applicable only on behalf of persons required to provide security because of the same collision and the same motor vehicle.

(c) The person depositing the security may amend in writing the specification of the person on whose behalf the deposit is made to include an additional person. This amendment may be made at any time the deposit is in the custody of the department or the comptroller.

Tex. Transp. Code § 601.163

Amended by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 709,Sec. 80, eff. 9/1/2023.

Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 18.10, eff. Sept. 1, 1997

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.