303.060. Security deposited with director of revenue — used to pay judgment — return. — 1. Security deposited in compliance with the requirements of this chapter shall be deposited with the director of revenue, and shall be applicable only to the payment of a judgment or judgments rendered against the person or persons on whose behalf the deposit was made, for damages arising out of the accident in question in an action at law, begun not later than one year after the date of such accident, or within one year after the date of deposit of any security under subdivision (3) of section 303.140, or to the payment in settlement, agreed to by the depositor, of a claim or claims arising out of such accident.
2. The deposit or balance thereof shall be returned to the depositor, his personal representative, or an assignee when evidence satisfactory to the director has been filed with him that there has been a release from liability, or a final adjudication of nonliability, or a duly acknowledged agreement, in accordance with subdivision (3) of section 303.070, or whenever, after the expiration of one year from the date of the accident, or from the date of any security required under subdivision (3) of section 303.140, the director shall be given reasonable evidence that there is no such action pending and no judgment rendered in such action left unpaid.
Notes of Decisions
Cited in
4
cases, 1955–2000 · leading case:
Perkins v. Perkins, 284 S.W.2d 603 (Mo. Ct. App. 1955).
Perkins v. Perkins, 284 S.W.2d 603 (Mo. Ct. App. 1955).
· cites it 4× “e Safety Responsibility Law of Missouri discloses that under its terms the operator of a motor vehicle involved in an accident in this state must within ten days thereafter report the matter to our Director of Revenue and if within 20 days therefrom satisfactory evidence is not…”
Brown v. Dir. of Revenue, 34 S.W.3d 166 (Mo. Ct. App. 2000).
· cites it 2× “He had been assessed 12 points against his license for a charge of driving while intoxicated, his license had been revoked for one year, and he was notified that he would not be eligible for reinstatement for 10 years pursuant to § 303.060(9) RSMo Cum.Supp.1996. Rather than…”
Eberting v. Skinner, 364 S.W.2d 829 (Mo. Ct. App. 1963).
· cites it 2× “As a consequence he became subject to the provisions of the Safety Responsibility Law (§ 303.060 RSMo, V.A.M.S., Laws 1953, p. 569, Laws 1957, p.”
State ex rel. McPherson v. United Bonding Ins. Co., 446 S.W.2d 158 (Mo. Ct. App. 1969).
· cites it 2× “Section 303.060 provides that the security deposited shall be applicable only to the payment of a judgment or judgments rendered against the person or persons on whose behalf the deposit was made, “ * * * for damages arising out of the accident in question in an action at l&w *…”
— Mo. Rev. Stat. § 303.060(9) — 1 case
Brown v. Dir. of Revenue, 34 S.W.3d 166 (Mo. Ct. App. 2000).
“He had been assessed 12 points against his license for a charge of driving while intoxicated, his license had been revoked for one year, and he was notified that he would not be eligible for reinstatement for 10 years pursuant to § 303.060(9) RSMo Cum.Supp.1996. Rather than…”
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