HOME    SEARCH    ABOUT US    CONTACT US    HELP   
           
This is an obsolete version of the rule. Please click on the rule number to view the current version.

42.11.401    DEFINITIONS

As used in this sub-chapter, the following definitions apply:

(1) "Annual net profit" means a product's net profit per unit multiplied by the product's units of sale for a 12-month period. The net profit per unit is calculated by subtracting from the most recent retail selling price of a product as determined in ARM 42.11.104, the cost of goods (vendor's product price and freight) , department expenses, and taxes. Expenses are allocated to each product on a fixed amount per liter plus a percentage overhead on the cost of goods.

(2) "Bailment" means a vendor's delivery of a product to a designated area in the department's Helena warehouse while retaining ownership of the product delivered and entrusting the safekeeping of the product to the department until such time as the department may purchase the product or redeliver the product to the vendor.

(3) "Bailment warehouse" means the designated area in the department's Helena warehouse used for storing products delivered through bailment procedures.

(4) "Delist" means to remove a product from the regular list to the "warehouse supply or special order" category.

(5) "List" means to establish a product's availability according to one of the classifications in ARM 42.11.405.

(6) "Product" means a brand of liquor.

(7) "Sample" means a liquor product furnished by a liquor vendor to brokers and representatives for the purpose of promoting the product.

History: Sec. 16-1-103 and 16-1-303, MCA; IMP, Sec. 16-1-103, 16-1-104, and 16-1-302, MCA; NEW, 1988 MAR p. 87, Eff. 1/15/88; AMD, 1990 MAR p. 1839, Eff. 9/28/90; AMD, 2001 MAR p. 348, Eff. 2/23/01; AMD, 2003 MAR p. 2899, Eff. 12/25/03.

Home  |   Search  |   About Us  |   Contact Us  |   Help  |   Disclaimer  |   Privacy & Security