Information required on receipts before sale or pledge
Source version current through Jul 31, 2022
Later State Register activity may affect this section.
Source details
- NYCRR title agency
- Executive Department
- Section status
- Section source receipt
- Source version current through
- Jul 31, 2022
- Text saved
- Jun 6, 2026
- Publisher current-through date
- Jul 31, 2022
- Source captured
- Sep 13, 2026
- Stored text comparison
- Matches the captured source text
- Latest State Register issue indexed
- September 30, 2026 (Vol. XLVIII, Issue 39)
(a)No licensee shall sell, offer for sale, agree to sell, or purchase in this State any liquor described and identified by warehouse receipts unless such receipts have set forth thereon the name of the licensee who has purchased the said liquor and has legal title to the same, irrespective of whether such warehouse receipts have been pledged, hypothecated or deposited as collateral security for any loan or upon any other condition.
(b)Nonnegotiable warehouse receipts representing alcoholic beverages stored in a warehouse may be issued to a bank or trust company described in section 99-b of the law, Alcoholic Beverage Control Law, as collateral security for a loan to the licensee who stored such beverages in such warehouse, provided such receipts set forth thereon the name of such licensee, address of his licensed premises, the number of the license held by him, the quantity, size of containers, brand name and type of alcoholic beverages covered by such receipts. The alcoholic beverages represented by such warehouse receipts may be sold under a bank permit issued pursuant to subdivision i of section 99-b of the law.
(c)A violation of this subdivision shall be deemed cause for the revocation, cancellation or suspension of the license or permit held by the persons involved.