No license shall be granted until the
applicant has filed a bond with the secretary of state in the sum of $25,000,
with sureties approved by the secretary of state, conditioned that he will
properly account for and deliver to the person entitled, all moneys and things
of value coming into his hands as an auctioneer and will conform to the laws
relating to such auctions. All bonds required under this chapter shall be
purchased from a reputable company authorized to do business in this state.
Information. The bond, extending at least for
the term of the license, required by RSA 311‑B:8 shall be attached to the
license application form.
*As of January 1, 2011 all bonds will
be effective for 2 years, in the amount of $25,000*
Companies: Please be sure that as of January 1, 2011, any new bonds are
dated for 2 years and 1 month - this will allow
the Board up to a month to approve any new license applications coming in.
Also, the prior expiration date of August 30th will
still be effective for those who are currently licensed.*
(Click on Bond Sample above to view a Sample Bond)
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