California Business and Professions Code

§ 25509.1

BPC § 25509.1 Effective Jan 1, 2025Div. 9 · Ch. 15

Statute text

(a)Commencing January 1, 2026, and except as provided in subdivision (b) and paragraph (3) of subdivision (c), payment from a retailer licensee to a wholesaler licensee for delivery of beer, wine, or distilled spirits shall be made by electronic funds transfer in accordance with the following requirements:

(1)The wholesaler licensee shall initiate the electronic funds transfer by initiating the withdrawal of funds from the retailer licensee’s bank account.

(2)The electronic funds transfer shall occur by the expiration of the 30th day from the date of delivery of the beer, wine, or distilled spirits.

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Legislative history

Added by Stats. 2024, Ch. 426, Sec. 3. (AB 2991) Effective January 1, 2025.