§ 12-5-402 — Furnishing of money and products; payment in full for malt beverages; credit for alcoholic liquor; credit deficiencies

(a) Except as otherwise authorized in this section or W.S.
12-5-403, industry representatives shall not furnish, give or
lend money or other things of value, directly or indirectly, to
any person engaged in selling products of the industry at retail
under privileges of a license or permit to sell any beverage or
liquor in Wyoming. The prohibition shall extend to the giving to
any person for the use, benefit or relief of the person engaged
in selling the industry's products and to prohibit guaranty by
the industry of a loan or other financial obligation of persons
engaged at retail in selling these products. With prior
approval of the applicable licensing authority, malt beverage
industry representatives may furnish, give or lend money or
other things of value to a licensee to support annual community
events open to the public if the licensee:
(i) Is a nonprofit corporation organized under the
laws of this state;
(ii) Is qualified as a tax exempt organization under
the Internal Revenue Code; and
(iii) Has been in continuous operation for a period
of not less than two (2) years.
(b) No sale or delivery of malt beverages shall be made by
a wholesaler to any licensee except for payment in full made at
the time of or prior to delivery, and a licensee shall not
accept or receive delivery of malt beverages except when payment
is made at or prior to delivery.
(c) The division may grant credit to retailers when
purchasing alcoholic liquor for a period not to exceed four (4)
days from date of shipment. Payments by mail for credit
shipments shall be postmarked within twenty-four (24) hours of
the receipt of the shipment by the retailer. The division may
seize and sell all stocks of liquor of the retailer to satisfy
any credit balance. Any deficiency constitutes a lien on any
proceeds received through transfer of the license or permit. If
a retailer defaults in payment for a shipment under this
section, no further shipments shall be made to him for a period
of one (1) year except on a C.O.D. basis.