Nev. Admin. Code § 369.055

Current through November 8, 2024
Section 369.055 - Payment to wholesale dealer by retail liquor store by electronic transfer of money authorized
1. A retail liquor store may make payment to a wholesale dealer for liquor pursuant to NRS 369.485 by use of the electronic transfer of money if the wholesale dealer:
(a) Consents to the use of the electronic transfer of money for such payment; and
(b) Does not pay any costs incurred by the retail liquor store for use of the electronic transfer of money.
2. A retail liquor store shall not condition any purchase of liquor from a wholesale dealer upon the consent of the wholesale dealer to the use of the electronic transfer of money to make payment for the liquor.
3. As used in this section, "electronic transfer of money" means any transfer of money, other than a transaction initiated by a check, draft or other similar instrument, that is initiated through an electronic terminal, telephone, computer or magnetic tape for the purpose of ordering, instructing or authorizing a financial institution or person holding an account on behalf of another to debit or credit an account.

Nev. Admin. Code § 369.055

Added to NAC by Dep't of Taxation by R142-13, eff. 10/24/2014

NRS 369.150, 369.485