§ 31-31-21. Return of deposit.
Upon the expiration of three (3) years from the date of an accident or occurrence, any security remaining on deposit shall be returned to the person who made the deposit or to his or her personal representative if an affidavit or other evidence satisfactory to the division of motor vehicles has been filed with it:
(1) That no action for damages arising out of the accident for which the deposit was made is pending against any person on whose behalf the deposit was made; and
(2) That there does not exist any unpaid judgment rendered against the person in the action: or
(3) That eight (8) years have elapsed following the date from which an action at law has been filed in any court in this state and there does not exist any unpaid judgment.
(P.L. 1993, ch. 4, § 2.)