Section 264:5 Application of Security. - New Hampshire Statutes

Security furnished in compliance with the requirements hereof shall be applicable only to the payment of a judgment against the depositor for damages arising out of the accident in question in an action at law in a court of this state begun not later than 2 years thereafter; and such deposit, or any balance thereof, after the expiration of such 2-year period, shall be returned to the depositor or his personal representative unless the department shall have received a written notice from the aggrieved person or his representative that suit has been brought.

Source. 1937, 161:8. RL 122:7. 1945, 33:1. RSA 268:7. 1957, 305:5. 1981, 146:1, eff. Jan. 1, 1982.