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New Hampshire Revised Statutes 261:101 - Dealers Association Bond

New Hampshire Revised Statutes > Title XXI > Chapter 261 > § 261:101 - Dealers Association Bond

^{Current as of: 2009}

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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.