SECTION 45:10-3-19. Requirement for deposit of checks

  All checks, given in payment for alcoholic beverages purchased by the holder of a Retail Spirit, Retail Beer, Retail Wine, Beer and Wine, Mixed Beverage or Caterer's license from a licensed Wine and Spirits Wholesaler, Beer Distributor, Small Brewer Self-Distributor, Brewpub Self-Distributor, or Winemaker Self-Distributor, shall be deposited for payment by the licensed Wine and Spirits Wholesaler, Beer Distributor, Small Brewer Self-Distributor, Brewpub Self-Distributor, or Winemaker Self-Distributor not later than the second banking day after the receipt of said check by said licensed Wine and Spirits Wholesaler, Beer Distributor, Small Brewer Self-Distributor, Brewpub Self-Distributor, or Winemaker Self-Distributor, its salesman, agent or representative. The failure of a licensed Wine and Spirits Wholesaler, Beer Distributor, Small Brewer Self-Distributor, Brewpub Self-Distributor, or Winemaker Self-Distributor to deposit any such check for payment by the end of said banking day after receipt thereof by said licensed Wine and Spirits Wholesaler, Beer Distributor, Small Brewer Self-Distributor, Brewpub Self-Distributor, or Winemaker Self-Distributor, its salesman, agent or representative, shall be deemed a voluntary extension of credit by said licensed Wine and Spirits Wholesaler, Beer Distributor, Small Brewer Self-Distributor, Brewpub Self-Distributor, or Winemaker Self-Distributor to a Retail Spirit, Retail Beer, Retail Wine, Beer and Wine, or Mixed Beverage or Caterer licensee.

[Source: Amended at 35 Ok Reg 801, eff 10-1-18]