SB 0088
Liquor: other; payment of administrative fee to wholesaler for a payment dishonored by a financial institution; require. Amends sec. 903b of 1998 PA 58 (MCL 436.1903b).
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill requires retailers in Michigan to pay a wholesaler an administrative fee if a payment to the wholesaler is dishonored by a financial institution due to insufficient funds. The fee increases with repeated dishonored payments within a 12-month period, escalating from $50 for the first instance to $250 for subsequent dishonored payments. This legislation amends existing liquor control code to address payment issues and ensure wholesalers are compensated for financial losses. It clarifies the responsibility of retailers to ensure payments are valid.
Sponsors
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Primary sponsor
Cosponsors
Joseph N. Bellino Jr.
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