Oregon § 576.705 Processors required to pay for commodities within 30 days after delivery; interest on late payments

Oregon Statutes

§ 576.705 — Processors required to pay for commodities within 30 days after delivery; interest on late payments

Oregon § 576.705

Vol.15

Title 47Agricultural Marketing and Warehousing

Ch. 576Agricultural Marketing Generally

This text of Oregon § 576.705 (Processors required to pay for commodities within 30 days after delivery; interest on late payments) 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. § 576.705 (2026).

Text

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.

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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.