Section 601.166 - Payment Of Cash Security(a) Cash security may be applied only to the payment of: (1) a judgment rendered against the person on whose behalf the deposit is made for damages arising out of the collision ; or (2) a settlement, agreed to by the depositor, of a claim arising out of the collision . (b) For payment under Subsection (a), the action under which the judgment was rendered must have been instituted before the second anniversary of the later of: (1) the date of the collision ; or (2) the date of the deposit, in the case of a deposit of security under Section 601.162(b). Tex. Transp. Code § 601.166
Amended by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 709,Sec. 82, eff. 9/1/2023.Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.