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Credit
All spirituous liquor sold under a third class license and all spirituous liquor and alcohol used under a druggist permit shall be purchased from the Board and without credit, except as provided in Credit Regulation No. 2.
- No malt or vinous beverage or spirituous liquor shall be purchased on credit by any licensee. No malt or vinous beverages or spirituous liquor shall be sold on credit by any licensee holding a first or third class license, except hotels to their registered guests. No malt or vinous beverages shall be purchased or sold on credit by any person holding a wholesale dealer's license or bottler's license. No malt or vinous beverages shall be sold on credit to any holder of a wholesale dealer's or bottler's license by a holder of a certificate of approval, and payment within two days after receipt of both merchandise and invoice by a wholesale dealer shall not be considered a violation of this regulation.
Upon termination of a distributorship, or unsalability of a product or for cooperage or other containers, the payment for merchandise returned by a wholesale dealer to a certificate of approval holder must be paid within ten business days after receipt of the merchandise by the certificate of approval holder.
Holders of first, second, and third class licenses, and wholesale dealers, are prohibited from using escrow accounts involving the sale of alcoholic liquors.
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