California § 55881 - Under a contract for the purchase or handling of any farm product, any delinquent
Full text of California Public Contract Code - PCC § 55881 — Under a contract for the purchase or handling of any farm product, any delinquent, with citation guidance and answers to common questions.
§ 55881. Under a contract for the purchase or handling of any farm product, any delinquent
Under a contract for the purchase or handling of any farm product, any delinquent payment of money under this chapter shall also include a late charge of 5 percent per month of the unpaid balance calculated on a daily basis for the period of the delinquency for the first month and an additional 1 percent per month of the unpaid balance calculated on a daily basis for the remaining period of the delinquency. Any such late charge shall be payable to the person from whom the farm product was purchased, unless the person waives, in writing, his right to such payment. Such waiver shall be valid and effective only when given after a delinquency has occurred. This section does not affect the time of payment provided for in this chapter or in any contract for the purchase or handling of any farm product.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 55881
What does Public Contract Code - PCC § 55881 cover?
Section 55881 ("Under a contract for the purchase or handling of any farm product, any delinquent") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 55881?
A common citation format is "Public Contract Code - PCC § 55881" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 55881 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.