The payment of a judgment arising out of an accident or the payment upon the judgment of an amount equal to the maximum amount which could be required for deposit under this chapter shall, for the purposes of this chapter, release the judgment debtor from the liability evidenced by the judgment, provided that the person has filed proof of financial responsibility.
Added by Laws 1961, p. 356, § 7-210. Amended by Laws 1965, c. 187, § 6, emerg. eff. June 8, 1965; Laws 2009, c. 62, § 9, eff. Nov. 1, 2009.