§ 13-62.1-109 — Pre-judgment and judgment interest

Colorado § 13-62.1-109

• Jurisdiction: Colorado
• Title 13: Courts
• Art.: Uniform Foreign-Money Claims Act

Text

(1) With respect to a
foreign-money claim, recovery of pre-judgment or pre-award interest and the rate
of interest to be applied in the action or distribution proceeding, except as provided
in subsection (2) of this section, are matters of the substantive law governing the
right to recovery under the conflict-of-laws rules of this state.

(2) The court or arbitrator shall increase or decrease the amount of pre-judgment or pre-award interest otherwise payable in a judgment or award in foreign
money to the extent required by the law of this state governing a failure to make or
accept an offer of settlement or offer of judgment, or conduct by a party or its
attorney causing undue delay or expense.

(3) A judgment or award on a foreign-money claim bears interest at the rate
applicable to judgments of this state.

Legislative History

Source: L. 90: Entire article added, p. 880, � 1, effective January 1, 1991.