N.H. Admin. Code § Liq 903.03

Current through Register No. 50, December 12, 2024

Section Liq 903.03 - Payment Deadlines for Credit Purchases

Licensees shall pay for merchandise purchased through credit within 18 calendar days, computed as follows:

(a) For merchandise delivered from a warehouse, the 18-day timeline shall begin on the day the transportation agent signs for the merchandise;

(b) For merchandise ordered from a commission liquor store, the 18-day timeline shall begin on the day the licensee or agent of the licensee takes the merchandise from the store; and

(c) A payment shall be late if it is not received by the commission on or before 18 calendar days of the licensee taking ownership.

N.H. Admin. Code § Liq 903.03

#4720, eff 1-1-90; ss by #5043, eff 1-11-91; ss by #6391, eff 11-28-96, EXPIRED: 11-28-04

New. #9227, eff 8-6-08, EXPIRED: 8-6-16

Amended by Volume XXXVII Number 28, Filed July 13, 2017, Proposed by #12210, Effective 6/14/2017, Expires 6/14/2027.

Amended by Volume XLI Number 32, Filed August 12, 2021, Proposed by #13225, Effective 6/30/2021, Expires 6/30/2031.