Section 434:52 Proceedings for Recovery. - New Hampshire Statutes

Upon breach of the condition of a bond, mortgage, or other security, the commissioner of agriculture, markets, and food may, upon his own motion or upon application by a patron of a person whose account for products furnished such licensee remains unpaid as provided under RSA 434:50, institute appropriate proceedings thereon in his name as trustee for the benefit of all of the patrons of such licensee in this state to whom such licensee may be indebted at the time such proceeding is instituted. Such proceedings may be commenced in any county in this state where a patron of such licensee resides.

Source. 1985, 72:1. 1995, 130:5, eff. July 23, 1995.