Section 290.672 - Interest on unpaid assessment.
AGRICULTURAL COMMODITIES MARKETING ACT (EXCERPT)
Act 232 of 1965
290.672 Interest on unpaid assessment.
Sec. 22.
If the assessment is not paid by the date specified by a committee as permitted under section 5(g), the unpaid assessment shall be subject to an interest charge of 1% per month.
History: Add. 1974, Act 324, Imd. Eff. Dec. 15, 1974 ;-- Am. 1996, Act 216, Imd. Eff. May 28, 1996 ;-- Am. 2002, Act 601, Imd. Eff. Dec. 20, 2002