Washington Code 66.28.315 – Three-tier system — Recordkeeping
Current as of: 2023 | Check for updates
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All industry members and retailers shall keep and maintain the following records on their premises for a three-year period:
Terms Used In Washington Code 66.28.315
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
(1) Records of all items, services, and moneys’ worth furnished to and received by a retailer and of all items, services, and moneys’ worth provided to a retailer and purchased by a retailer at fair market value; and
(2) Records of all industry member financial ownership or interests in a retailer and of all retailer financial ownership interests in an industry member.
[ 2009 c 506 § 8.]