New Hampshire Revised Statutes 434:52 – Proceedings for Recovery
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Terms Used In New Hampshire Revised Statutes 434:52
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- 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
- Trustee: A person or institution holding and administering property in trust.
Upon breach of the condition of a bond, mortgage, or other security, the commissioner of agriculture, markets, and food may, upon his own motion or upon application by a patron of a person whose account for products furnished such licensee remains unpaid as provided under N.H. Rev. Stat. § 434:50, institute appropriate proceedings thereon in his name as trustee for the benefit of all of the patrons of such licensee in this state to whom such licensee may be indebted at the time such proceeding is instituted. Such proceedings may be commenced in any county in this state where a patron of such licensee resides.