Section Liq 905.01 - Licensee Bankruptcy Any applicant for credit, who has in the past 7 years declared bankruptcy, either personally or as a principal of a corporation or other business entity, shall be bound by the following provisions:
(a) If the licensee is other than a natural person, that entity shall post a bond or irrevocable letter of credit from a state or federally recognized financial institution in the amount of the credit requested;(b) Any licensee who declares bankruptcy shall forfeit all credit privileges and shall pay for product with cash, certified check, or debit card while in bankruptcy; and (c) Upon emerging from bankruptcy, said licensee may reapply for credit privileges subject to the provisions of this chapter.N.H. Admin. Code § Liq 905.01
#4720, eff 1-1-90; ss by #5043, eff 1-11-91; ss by #6391, eff 11-28-96, EXPIRED: 11-28-04
New. #9227, eff 8-6-08, EXPIRED: 8-6-16
Amended by Volume XXXVII Number 28, Filed July 13, 2017, Proposed by #12210, Effective 6/14/2017, Expires 6/14/2027.Amended by Volume XLI Number 32, Filed August 12, 2021, Proposed by #13225, Effective 6/30/2021, Expires 6/30/2031.