Okla. Admin. Code § 710:23-1-9

Current through Vol. 42, No. 7, December 16, 2024

Section 710:23-1-9 - Recordkeeping and reporting of dual license holders (DLH)

(a)Proper invoicing procedure. All purchases of charity game equipment by a dual license holder (DLH) from a licensed manufacturer or a licensed distributor must be invoiced to the dual license holder's distributor's license number. Any purchases of charity game equipment by a dual license holder, made from an unlicensed manufacturer or distributor must be invoiced to the DLH's manufacturer license, and then subsequently invoiced from the DLH's manufacturer license to the DLH's distributor license, and reported as a sale on the DLH's manufacturer quarterly report.

(b)Maintenance of records required. A record of the form and serial number of all items incorporated into a finished product must be maintained.

(c)Duty of license holders to keep adequate records and to report variances. Dual license holders will be subject to the record keeping and reporting requirements applicable to both manufacturers and distributors set out in this Chapter and the Act. Dual license holders must also keep records and report any items of charity game equipment, the components of which were not previously invoiced to the licensee pursuant to (a) of this Section, which are sold to another licensed distributor in this state.

Okla. Admin. Code § 710:23-1-9

Added at 10 Ok Reg 4489, eff 8-10-93 (emergency); Added at 11 Ok Reg 3489, eff 6-26-94; Amended at 14 Ok Reg 2693, eff 6-26-97; Amended at 15 Ok Reg 2410, eff 6-11-98; Amended at 16 Ok Reg 2643, eff 6-25-99