Bill Text: MI SB0731 | 2023-2024 | 102nd Legislature | Engrossed
Bill Title: 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).
Spectrum: Slight Partisan Bill (Democrat 12-5)
Status: (Engrossed) 2024-06-26 - Referred To Committee On Regulatory Reform [SB0731 Detail]
Download: Michigan-2023-SB0731-Engrossed.html
Substitute For
SENATE BILL NO. 731
A bill to amend 1998 PA 58, entitled
"Michigan liquor control code of 1998,"
by amending section 903b (MCL 436.1903b), as added by 2016 PA 434.
the people of the state of michigan enact:
Sec. 903b. (1) A retailer violates this act if the retailer or the retailer's clerk, servant, agent, or employee makes a payment to a wholesaler , the commission, or this state by any means that has been dishonored by a financial institution for lack of sufficient funds.any reason.
(2) A wholesaler shall require a retailer that has made a payment to the wholesaler that has been dishonored by a financial institution to pay the wholesaler an administrative fee as follows:
(a) For the first dishonored payment, $50.00.
(b) For a second dishonored payment within 12 months of the first dishonored payment, $100.00.
(c) For a third dishonored payment within 12 months of the first dishonored payment, $150.00.
(d) For a fourth dishonored payment within 12 months of the first dishonored payment, $200.00.
(e) For a fifth or any subsequent dishonored payment within 12 months of the first dishonored payment, $250.00.
