Section 261:101 Dealers Association Bond. - New Hampshire Statutes

Any automobile dealers association which is approved by the director may file a bond or equivalent proof of financial responsibility in the amount of $100,000, and under the terms and conditions acceptable to the director. Any dealer who is a member of such approved association shall be covered by such bond or other document and shall not be required to file a bond as provided in RSA 261:100. The association shall immediately notify the director of any dealer who has been covered under the association bond who ceases to be a member of the association.

Source. RSA 268-A:5. 1973, 324:1. 1981, 146:1. 1987, 263:7, eff. May 20, 1987.