Tex. Transp. Code § 601.055 · Subchapter C. FINANCIAL RESPONSIBILITY; REQUIREMENTS
SUBSTITUTION OF EVIDENCE OF FINANCIAL RESPONSIBILITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If a person who has filed evidence of financial responsibility substitutes other evidence of financial responsibility that complies with this chapter, and the department accepts the other evidence, the department shall:
(1) consent to the cancellation of a bond or certificate of insurance filed as evidence of financial responsibility; or
(2) direct the comptroller to return money or securities deposited with the comptroller as evidence of financial responsibility to the person entitled to the return of the money or securities.
(b) The comptroller shall return money or securities deposited with the comptroller in accordance with the direction of the department under Subsection (a)(2).
Notes and commentary — not statutory text
History
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 18.07, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.601.htm
- Text hash
- sha256 e74c995aaa3158e1ef94a29d8c83aba8c3930143e4ce876e99e1039511700451
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.