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Ten Day Credit Rule Officially Dead on Tuesday May 27, 2014 for Tennessee Restaurants, Bars and other Liquor Venues
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Ten Day Credit Rule Officially Dead on Tuesday May 27, 2014 for Tennessee Restaurants, Bars and other Liquor Venues

06.28.17
Governor Haslam held his nose and allowed a controversial bill to become law without his signature. Effective immediately, liquor must be paid for upon delivery by liquor-by-the-drink establishments in Tennessee.

With today being Sunday and tomorrow being a state holiday for liquor wholesalers, COD effectively takes place this Tuesday May 27, 2014, when the 10 day credit rule becomes yet another long-standing liquor law turned zombie.

Micheal Cass quotes Governor Haslam of explaining: "I'm just not certain we need to be in the position of dictating what the terms should be between those businesses...So by not signing it, my message is, I think the General Assembly should come back and review that again next year." Read Cass' story here.

We first blogged about the new law here, where you can see the list of approved payment terms.

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