(a) A person may establish financial responsibility by making a deposit with the county judge of the county in which the motor vehicle is registered.
(b) The deposit must be made in cash or a cashier's check in the amount of at least $55,000.
(c) On receipt of the deposit, the county judge shall issue to the person making the deposit a certificate stating that a deposit complying with this section has been made. The certificate must be acknowledged by the sheriff of that county and filed with the department.
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