Statute · United States Code
26 U.S.C. § 5132 — Prohibited purchases by dealers
26 U.S.C. § 5132
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- capital-markets-and-corporate-governance
Except as provided in regulations prescribed by the Secretary, it shall be unlawful for a dealer to purchase distilled spirits for resale from any person other than a wholesale dealer in liquors who is required to keep the records prescribed by section 5121. A limited retail dealer may lawfully purchase distilled spirits for resale from a retail dealer in liquors. For penalty and forfeiture provisions applicable to violations of subsection (a), see sections 5687 and 7302.
Except as provided in regulations prescribed by the Secretary, it shall be unlawful for a dealer to purchase distilled spirits for resale from any person other than a wholesale dealer in liquors who is required to keep the records prescribed by section 5121. A limited retail dealer may lawfully purchase distilled spirits for resale from a retail dealer in liquors. For penalty and forfeiture provisions applicable to violations of subsection (a), see sections 5687 and 7302.