1878 LAWS OF MARYLAND. [CH. 1007

(a) Any person may establish proof of financial responsi-
bility under this Article by depositing with the Treasurer of
the State of Maryland money in an amount, or securities ap-
proved by said Treasurer of a market value in a total amount
as required under Section 115 of this Article. Such securities
shall be of a type which may be legally purchased by savings
banks or for trust funds, under the laws of this State. Income
or dividends accruing from time to time on such securities so
deposited with the Treasurer of the State of Maryland, shall
be payable to and collectible by the person so depositing such
securities.

(b) All money or security so deposited shall be subject to
execution to satisfy any final judgment rendered against such
person by any court of competent jurisdiction of any State or
of the United States arising out of the ownership, operation,
maintenance or use of a motor vehicle, but shall not otherwise
be subject to attachment or execution, provided, that in the
event of the insolvency, receivership, bankruptcy or death of
the person who has so deposited money or securities, the said
money or securities on deposit shall be delivered by the Treas-
urer of the State of Maryland to the trustee, receiver, executor
or administrator, or other officer of the court administering
the estate of such person, and such money and securities
shall be applied first to the satisfaction of all judgments as
aforesaid and all claims arising out of the ownership, oper-
ation, maintenance or use of a motor vehicle, provided suit
thereon is instituted within six (6) months after the date of
such death or the date of the adjudication in insolvency, re-
ceivership or bankruptcy, such claims either to be reduced to
judgment or to be settled with the approval of the court ad-
ministering the estate of such person; and the balance, if any,
of the money and securities shall be administered as a general
asset of the estate of such person.

(e) The Treasurer of the State of Maryland shall not accept
any such deposit unless or until it shall be accompanied by
evidence that there are no unsatisfied judgments against the
depositor registered in the office of the Clerk of the Circuit
Court of the County where the depositor resides or has an
usual place of business or in the Clerk's office of any of the
Baltimore City Courts having proper jurisdiction, if the de-
positor resides in or has an usual place of business in Balti-
more City.

(d) Whenever the Treasurer of the State of Maryland shall
satisfy a judgment out of the money or security held by him
on deposit for account of the judgment debtor, he shall certify
that fact to the Department or the Public Service Commis-
sion as the case may be, and the amount of the balance of