Michigan Compiled Laws

Mich. Comp. Laws § 290.672 (2026)

Interest on unpaid assessment.

✓ current as of July 2026

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AGRICULTURAL COMMODITIES MARKETING ACT

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

Notes of Decisions

Cited in 3 cases, 1999–2010 · leading case: Dep't of Agric. v. Appletree Mktg., LLC, 779 N.W.2d 237 (Mich. 2010).

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Dep't of Agric. v. Appletree Mktg., LLC, 779 N.W.2d 237 (Mich. 2010). “7 This amount included the unpaid assessments, statutory interest pursuant to MCL 290.672 (1 percent a month), attorney fees, audit expenses, and other costs.”

In Re Dow Corning Corp., 237 B.R. 380 (Bankr. E.D. Mich. 1999). · cites it 2× “855 (loans made by the toxic substance loan commission accrue interest at 0% for the first 5 years, at 3% for the next 5 years, and at 2% less than the prime lending rate thereafter); Mich.Comp. Laws § 438.31 (Except for certain notes and bonds, the "legal interest rate .”

Dep't of Agric. v. Appletree Mktg., LLC, 761 N.W.2d 277 (Mich. Ct. App. 2008). “MCL 290.672. 3 In Pompey v Gen Motors Corp, 385 Mich 537 , 552 n 14; 189 NW2d 243 (1971), our Supreme Court stated that this rule of exclusivity was subject to two qualifications: if the statutory remedy is plainly inadequate or if a contrary intent clearly appears, the…”

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