§11.22. Consignment sales.
27 C.F.R. § 11.22
Consignment sales are arrangements wherein the trade buyer is under no obligation to pay for distilled spirits, wine, or malt beverages until they are sold by the trade buyer.
Notes, amendments, and revision history
Authority
Authority: 15 U.S.C. 49-50; 27 U.S.C. 202 and 205.
Source
Source: T.D. ATF-74, 45 FR 63258, Sept. 23, 1980, unless otherwise noted.