Ohio Code 4509.62 – Proof of financial responsibility evidenced by certificate of treasurer of state
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A person may effectuate proof of financial responsibility by depositing with the registrar of motor vehicles thirty thousand dollars in money. The registrar shall not accept any such deposit unless it is accompanied by evidence that there are no unsatisfied judgments against the depositor in the county where the depositor resides.
Terms Used In Ohio Code 4509.62
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Person: includes an individual, corporation, business trust, estate, trust, partnership, and association. See Ohio Code 1.59
- state: means the state of Ohio. See Ohio Code 1.59
The financial responsibility custodial fund is created, which shall be in the custody of the treasurer of state but shall not be part of the state treasury. All money deposited under this section shall be credited to that fund.
Last updated September 6, 2023 at 2:49 PM