New Hampshire § 261:101 Dealers Association Bond

New Hampshire Statutes

§ 261:101 — Dealers Association Bond

New Hampshire·Title XXI MOTOR VEHICLES·Ch. 261 CERTIFICATES OF TITLE AND REGISTRATION OF VEHICLES·Subdivision Dealer's Bond Requirement

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.

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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.

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