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Current as of January 01, 2024 | Updated by Findlaw Staff
It shall be unlawful for a distributor to sell or offer to sell, or a retailer to purchase or receive, any wine except on a cash basis and no right of action exists to collect any claims for credit extended contrary to the provisions of this subdivision: Provided, That nothing herein prohibits, as a credit on any subsequent sale, the crediting of the purchase price charged for wine returned by the purchaser because of damage, spoilage, erroneous shipments or orders and other such reasons customary in the trade: Provided, however, That a distributor may accept an electronic transfer of funds if the transfer of funds is initiated by an irrevocable payment order on the invoiced amount for the wine. The cost of the electronic fund transfer must be borne by the retailer and the distributor must initiate the transfer no later than noon of one business day after the delivery.
Cite this article: FindLaw.com - West Virginia Code Chapter 60. State Control of Alcoholic Liquors § 60-8-22. Sales on credit prohibited; exception - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-60-state-control-of-alcoholic-liquors/wv-code-sect-60-8-22/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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