§287-12  Custody, disposition, and return ofsecurity.  Security deposited in compliance with the requirements of thischapter shall be placed by the administrator in the custody of the countytreasurer or director of finance and shall be applicable only to the payment ofa judgment or judgments rendered against the person or persons on whose behalfthe deposit was made, for damages arising out of the accident in question in anaction, begun not later than one year after the date of the accident or within oneyear after the date of deposit of any security under [paragraph] (3) of section287-9 and such deposit or any balance thereof shall be returned to thedepositor or the depositor's personal representative when evidence satisfactoryto the administrator has been filed with the administrator that there has beena release from liability, or a final adjudication of nonliability, or a dulyacknowledged agreement, in accordance with [paragraph] (4) of section 287-8 hasbeen filed, or whenever after the expiration of one year (1) from the date ofthe 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 thereis no pending action and no judgment rendered in the action left unpaid.  Thesecurity deposited shall not be subject to any attachment or execution unlessthe attachment or execution arises out of suit for damages as aforesaid. [L1949, c 393, pt of §1; RL 1955, §160-91; HRS §287-12; am L 1980, c 84, pt of§1; gen ch 1985]