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MI SB0731
Bill
AI Summary
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Modifies the violation provision to apply when retailers or their agents make dishonored payments to wholesalers for "any reason" rather than limiting violations to payments dishonored for "lack of sufficient funds"
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Removes references to the commission and the state as payees, limiting the dishonored payment violation to payments made to wholesalers only
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Requires wholesalers to impose administrative fees on retailers for dishonored payments on a tiered schedule: $50 for the first offense, $100 for the second, $150 for the third, $200 for the fourth, and $250 for the fifth or subsequent offense
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All administrative fees apply within a 12-month period from the first dishonored payment
Legislative Description
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).
Liquor: other
Last Action
Referred To Second Reading
12/10/2024