2352 ARTICLE 56

under the provisions of the sub-title at least ten (10) days before the
effective date of such cancellation or expiration and until such notice is
duly given, such policy shall continue in full force and effect.

Such proof may be the bond of a surety company, duly authorized to
transact business within the State, or a bond, with at least two (2) indi-
vidual sureties, each owning real estate within this State, which real estate
shall be schedules in the bond approved by a Judge of a court of record
which said bond shall be conditioned for the payment of the amounts
specified in Section 165; and, such bond shall be filed with the Com-
missioner and shall not be cancellable except after ten (10) days' written
notice to. the Commissioner. Such bond shall constitute a lien in favor of
the State upon the real estate so scheduled of any surety, which lien shall
exist in favor of any holder of a final judgment against the person who
has filed such proof on account of damage to property in excess of fifty
dollars ($50.00) or injury to, including death of a person or persons re-
sulting from the ownership, maintenance, use or operation hereafter of a
motor vehicle, upon the filing of notice to that effect by the Commissioner
in the office of the proper clerk or court of the county or city where such
real estate shall be located.

Such proof of ability to respond in damages may also be evidence pre-
sented to the Commissioner of a deposit by such person with the State
Treasurer or other proper fiscal officer of a sum of money or collateral in
form satisfactory to the Commissioner amounting to Eleven Thousand
Dollars ($11,000.00), and the said deposit shall be maintained in said
amounts subject to the provisions of Section 173 of this Article. Sub-
ject to the approval of the Commissioner, the said State Treasurer or other
proper fiscal officer shall accept any such deposit and shall issue a receipt
therefor. The Commissioner shall approve such deposit by or on behalf
of any person except where a judgment theretofore recovered against such
person shall not have been paid in full.

Additional evidence of ability to respond in damages, as required by this
sub-title, shall be furnished the Commissioner at any time upon his
demand.

1931, ch. 498, sec. 187E.

169. A bond, money or collateral filed or deposited by or on behalf
of any person under the provisions of the preceding section, shall be held
by the Commissioner or said Treasurer to satisfy, in accordance with the
provisions of this sub-title, any execution issued against such person on a
judgment for damages as aforesaid arising out of the ownership, main-
tenance, use or operation of a motor vehicle as aforesaid. Money or col-
lateral so deposited shall not be subject to attachment or execution unless
such attachment or execution shall arise out of a suit for damages as afore-
said. If such a judgment rendered against the principal on the surety
company or real estate individual bond given under the provisions of this
sub-title shall not be satisfied within thirty (30) days after it has become
final as hereinbefore provided, the judgment creditor may, for his own use
and benefit and at his sole expense, bring an action or actions in the name
of the State against the Company or persons executing such bond, includ-
ing an action or proceeding to foreclose any lien that may exist upon the
rear estate of a person who has executed such bond.