Colorado · Colorado Revised Statutes — Title 42, Vehicles and Traffic
C.R.S. Title 42 § 42-7-304: Custody and disposition of security
What this law says, in plain English
Security deposits made for accident liability are held by the state treasurer and applied only to court judgments for accident damages filed within one year. Deposits are returned when liability is released, the person is found not liable, or no action is pending after one year.
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