§16-132-4 - Penalty for late or non-payment of annual fee.

§16-132-4 Penalty for late or non-payment of annual fee.

The penalty shall be ten per cent of the unpaid fee, but not less than $50. Fees and penalties not paid within fifteen days of the due date shall result in an interest payment of ten per cent per annum compounded every thirty days on the unpaid balance. Failure to pay the fee, penalty, and interest shall result in legal action to enforce payment or revocation of the franchise, or both.

        [Eff 6/22/81; am and comp 12/14/87; comp 7/28/88; comp 9/30/05] (Auth: HRS §440G-12) (Imp: HRS §440G-12)

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