§ 31.47. Warehouse receipts covering spirits.
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/us/cfr/t27/s§ 31.47·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The sale of warehouse receipts for distilled spirits is equivalent to the sale of distilled spirits. Accordingly, every person who sells, or offers for sale, warehouse receipts for distilled spirits held or stored in a distilled spirits plant, customs bonded warehouse, or elsewhere, is required to register and keep records as a wholesale dealer in liquors, or as a retail dealer in liquors, as the case may be, at the place where those warehouse receipts are sold, or offered for sale, unless the person is exempt from those requirements under subpart D of this part. (26 U.S.C. 5121, 5122)
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§ 31.47
Warehouse receipts covering spirits.
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