La. Admin. Code tit. 55 § VII-105

Current through Register Vol. 50, No. 9, September 20, 2024

Section VII-105 - Wholesalers to Deposit Retailer Checks Currently- Records

A. All checks accepted by the wholesale dealers from retail beer dealers shall be deposited or presented for payment by the wholesale dealer not later than the next banking day following the receipt of the check from the retail dealer.

B. Failure to timely deposit or present for payment any check shall be considered a violation of R.S. 26:741 by the wholesaler. The wholesale dealer shall record the date and the manner in which he presents the check to the bank for payment, whether by a listed deposit, or at the paying teller's window for cash.

C.

1. Wholesale beer dealers shall maintain all records pertaining to checks accepted from retail dealers and bank deposits of such checks for a period of two years, and shall hold all books, records and memoranda pertaining to those checks returned unpaid by the bank; such records shall be held for examination and review by the commissioner.

2. Wholesale beer records of collections and banking for the sale of beer shall be designed to show the wholesale beer distributive business separate from any other lines of business.

La. Admin. Code tit. 55, § VII-105

Adopted by the Department of Public Safety, Office of Alcoholic Beverage Control, 1948, filed at the Office of the State Register, 1974.

AUTHORITY NOTE: Promulgated in accordance with R.S. 26:32 and R.S. 26:793.