(1) Whenever the board shall establish minimum retailer mark-ups, it shall immediately
file a copy thereof with the director. The director, at least once in each quarter of each year, shall publish such minimum
mark-ups and shall promptly mail a copy to each licensed distributor and retailer
authorized to do business in this state. Minimum mark-ups shall become effective at twelve (12) o'clock midnight on the last
day of the first calendar month commencing after the seventh (7th) day following the
day such mark-ups are mailed to licensed retailers.
(2) No retailer shall sell, directly or indirectly, any alcoholic liquor at less than
its current posted bottle cost plus minimum mark-up without first having obtained
from the director a permit so to do; and the director is authorized to issue such
a permit in the following cases:
(a) where the retailer is actually closing out his or her stock for the purpose of
completely discontinuing sale of such item of alcoholic liquor for a period of not
less than twelve (12) months;
(b) where the item of alcoholic liquor is damaged or deteriorated in quality and notice
is given to the public thereof; or
(c) where the sale of the item of alcoholic liquor is by an officer acting under the
order of any court.
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