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2017 Colorado Revised Statutes
Title 42 - Vehicles and Traffic
Motor Vehicle Financial Responsibility Law
Article 7 - Motor Vehicle Financial Responsibility Law
Part 4 - Proof of Financial Responsibility - Judgments and Convictions
§ 42-7-418. Money - securities for financial responsibility
Universal Citation: CO Rev Stat ยง 42-7-418 (2017)
(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.
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