New Hampshire § 568:23 Appointment

New Hampshire Statutes

§ 568:23 — Appointment

New Hampshire § 568:23

Title LVIIINSOLVENCY PROCEEDINGS AND ASSIGNMENTS FOR CREDITORS

Ch. 568INSOLVENCY PROCEEDINGS

SubdivisionAssignee and Assignment

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Bluebook

N.H. Rev. Stat. Ann. § 568:23 (2026).

Text

The judge shall appoint as assignee such proper person as the creditors at their first meeting shall nominate by a vote of 2/3 in number of the creditors who have secured the allowance of their claims and are present at the meeting in person, or by attorney or proxy, and of a majority in value of the claims allowed. No creditor shall be eligible as assignee, and no person who has received a preference contrary to the provisions of this chapter shall be allowed to vote for assignee. If the creditors fail to nominate a suitable person, the judge shall appoint the assignee.

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The judge shall appoint as assignee such proper person as the creditors at their first meeting shall nominate by a vote of 2/3 in number of the creditors who have secured the allowance of their claims and are present at the meeting in person, or by attorney or proxy, and of a majority in value of the claims allowed. No creditor shall be eligible as assignee, and no person who has received a preference contrary to the provisions of this chapter shall be allowed to vote for assignee. If the creditors fail to nominate a suitable person, the judge shall appoint the assignee.