California AB2375 amends the Business and Professions Code to mandate electronic funds transfer for payments between licensed wholesalers and.

California AB2375 modifies the Business and Professions Code to require electronic funds transfer for payments between licensed wholesalers and retailers for the sale of beer, wine, and distilled spirits. The bill specifies that payment must be made within 30 days from the date of delivery, with late payments incurring a 1 percent charge. It also outlines conditions under which cash, check, or money order payments are permissible. The bill aims to streamline payment processes and ensure timely payments between suppliers and retailers.

California AB2375 amends the Business and Professions Code to mandate electronic funds transfer for payments between licensed wholesalers and.

California AB2375 modifies the Business and Professions Code to require electronic funds transfer for payments between licensed wholesalers and retailers for the sale of beer, wine, and distilled spirits. The bill specifies that payment must be made within 30 days from the date of delivery, with late payments incurring a 1 percent charge. It also outlines conditions under which cash, check, or money order payments are permissible. The bill aims to streamline payment processes and ensure timely payments between suppliers and retailers.