There Is a Newer Version
of
the Oregon Revised Statutes
2015 Oregon Revised Statutes
Volume : 13 - Water Resources, Agriculture and Food
Chapter 576 - Agricultural Marketing Generally
Section 576.705 - Processors required to pay for commodities within 30 days after delivery; interest on late payments.
Universal Citation:
OR Rev Stat ยง 576.705 (2015)
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on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
Notwithstanding any other provision of law:
(1) In the absence of a contract providing otherwise, any processor who purchases a commodity from a producer shall make full payment therefor not later than the 30th day after the day the processor takes delivery of the harvested commodity.
(2) Any processor who fails to make payment as required by subsection (1) of this section shall pay, in addition to the amount due, interest thereon at the rate of one percent per month.
[1971 c.531 §2]
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