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.
Mich. Comp. Laws § 290.672
Interest on unpaid assessment
Applied in 3 court decisions — leading case In Re Dow Corning Corp. (1999)
Most recently applied in Department of Agriculture v. Appletree Marketing, LLC (March 2010)
Add. 1974, Act 324, Imd
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.