New Hampshire § 402-C:43 Secured Creditors' Claims

New Hampshire Statutes

§ 402-C:43 — Secured Creditors' Claims

New Hampshire § 402-C:43

Title XXXVIIINSURANCE

Ch. 402-CINSURERS REHABILITATION AND LIQUIDATION

SubdivisionFormal Proceedings

This text of New Hampshire § 402-C:43 (Secured Creditors' Claims) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 402-C:43 (2026).

Text

I. The value of any security held by a secured creditor shall be determined in one of the following ways, as the court directs:

(a)By converting the same into money according to the terms of the agreement pursuant to which the security was delivered to such creditor;

(b)By agreement, arbitration, compromise or litigation between the creditor and the liquidator. II. The determination shall be under the supervision and control of the court. The amount so determined shall be credited upon the secured claim, and any deficiency shall be treated as an unsecured claim. If the claimant surrenders his security to the liquidator, the entire claim shall be allowed as if unsecured.

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I. The value of any security held by a secured creditor shall be determined in one of the following ways, as the court directs:
(a) By converting the same into money according to the terms of the agreement pursuant to which the security was delivered to such creditor;
(b) By agreement, arbitration, compromise or litigation between the creditor and the liquidator.
II. The determination shall be under the supervision and control of the court. The amount so determined shall be credited upon the secured claim, and any deficiency shall be treated as an unsecured claim. If the claimant surrenders his security to the liquidator, the entire claim shall be allowed as if unsecured.