SECTION 45:10-3-20. Holding of check prohibited

  Any arrangements or agreements, expressed or implied, between a licensee or an employee, whereby the licensed Wine and Spirits Wholesaler, Beer Distributor, Small Brewer Self-Distributor, Brewpub Self-Distributor, or Winemaker Self-Distributor holds or retains a check received by him from such holder of a Retail Spirit, Retail Beer, Retail Wine, Beer and Wine, Mixed Beverage or Caterer's license or employee in payment of alcoholic beverages sold shall be deemed an extension of credit and a violation by the licensees.

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