New Hampshire Revised Statutes 434:50 – Forfeiture of Security
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Terms Used In New Hampshire Revised Statutes 434:50
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
If such licensee for the space of one day after the date upon which the payment of the several amounts due his vendors became due fails to pay the amount due for milk or cream delivered or furnished by such creditor, such licensee shall by reason of such nonpayment be in default as to all patrons whose accounts shall then remain unpaid, and the bond or other security provided for under N.H. Rev. Stat. § 434:45 shall be forfeited to the extent of all sums then due from such licensee to his several patrons in this state. By virtue of such default the conditions of such bond or other securities shall be deemed to be broken.