Oregon § 576.355 Penalty for delaying transmittal of funds

Oregon Statutes

§ 576.355 — Penalty for delaying transmittal of funds

Oregon § 576.355

Vol.15

Title 47Agricultural Marketing and Warehousing

Ch. 576Agricultural Marketing Generally

This text of Oregon § 576.355 (Penalty for delaying transmittal of funds) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 576.355 (2026).

Text

(1)In addition to the penalties prescribed in ORS 576.991, any person who delays transmittal of funds beyond the time set by a commodity commission shall pay a penalty of 10 percent of the amount due and shall also pay one and one-half percent interest per month on the unpaid balance of the assessment.

(2)A commission may waive the penalty and interest described in subsection (1) of this section upon a showing of good cause.

(3)Notwithstanding subsection (1) of this section, if an assessment is collected pursuant to a federal marketing order or agreement, a commission may establish a penalty or interest rate that is consistent with that order or agreement.

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(1) In addition to the penalties prescribed in ORS 576.991, any person who delays transmittal of funds beyond the time set by a commodity commission shall pay a penalty of 10 percent of the amount due and shall also pay one and one-half percent interest per month on the unpaid balance of the assessment.
(2) A commission may waive the penalty and interest described in subsection (1) of this section upon a showing of good cause.
(3) Notwithstanding subsection (1) of this section, if an assessment is collected pursuant to a federal marketing order or agreement, a commission may establish a penalty or interest rate that is consistent with that order or agreement.