§ 1404. Interest on late payments
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 3 P.S. Agriculture
3 P.S. § 1404
§ 1404. Interest on late payments
Beginning on the 22nd day after the date of delivery, the merchant, unless otherwise agreed to in writing by the parties involved, shall be liable to the grower for interest on the unpaid balance of sums due. Unless otherwise agreed to by the parties involved, the interest is to be simple interest at the rate published by the Secretary of Revenue pursuant to section 806 of the act of April 9, 1929 (P.L. 343, No. 176),1 known as The Fiscal Code.
Credits
1986, July 2, P.L. 301, No. 74, § 4, effective in 90 days.
Footnotes
72 P.S. § 806.
3 P.S. § 1404, PA ST 3 P.S. § 1404
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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