MHHS · Prompt Payment and Construction Lien Act
Part 2 — Creation of Lien
28 PROMPT PAYMENT Payment where contract price not money
retained under section 18 or 23 and the contract price is not payable
in money, the owner or the person primarily liable on the contract
shall pay in money the percentage of the value to be retained by the
owner or the person primarily liable on the contract.
(2) When the owner or the person primarily liable on the contract
desires to avail himself or herself of the provisions of section 27
and give security for or pay into court the amount to be retained
and the contract price is not payable in money, the court may, on
application by the owner on any notice, if any, that the court
directs, fix the amount of the security that is to be given or money
that is to be paid into court with respect to the value of the
percentage to be retained.
RSA 1980 cB-12 s19;1985 c14 s11