Section 434:50 Forfeiture of Security. - New Hampshire Statutes

If such licensee for the space of one day after the date upon which the payment of the several amounts due his vendors became due fails to pay the amount due for milk or cream delivered or furnished by such creditor, such licensee shall by reason of such nonpayment be in default as to all patrons whose accounts shall then remain unpaid, and the bond or other security provided for under RSA 434:45 shall be forfeited to the extent of all sums then due from such licensee to his several patrons in this state. By virtue of such default the conditions of such bond or other securities shall be deemed to be broken.

Source. 1985, 72:1, eff. July 1, 1985.