§287-12  Custody, disposition, and return of
security.  Security deposited in compliance with the requirements of this
chapter shall be placed by the administrator in the custody of the county
treasurer or director of finance 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, begun not later than one year after the date of the accident or within one
year after the date of deposit of any security under [paragraph] (3) of section
287-9 and such deposit or any balance thereof shall be returned to the
depositor or the depositor's personal representative when evidence satisfactory
to the administrator has been filed with the administrator that there has been
a release from liability, or a final adjudication of nonliability, or a duly
acknowledged agreement, in accordance with [paragraph] (4) of section 287-8 has
been filed, or whenever after the expiration of one year (1) from the date of
the accident, or (2) from the date of deposit of any security under [paragraph]
(3) of section 287-9, the administrator is given reasonable evidence that there
is no pending action and no judgment rendered in the action left unpaid.  The
security deposited shall not be subject to any attachment or execution unless
the attachment or execution arises out of suit for damages as aforesaid. [L
1949, c 393, pt of §1; RL 1955, §160-91; HRS §287-12; am L 1980, c 84, pt of
§1; gen ch 1985]