Connecticut Statutes
§ 50a-59 — Prejudgment and judgment interest.
(a)With respect to a foreign-money claim, recovery of prejudgment interest and the rate of interest to be applied in the case are matters of the substantive law governing the right to recovery under the conflict of laws rules of this state.
(b)Notwithstanding subsection (a) of this section, an increase or decrease in calculated prejudgment interest may be made in a foreign-money claim to the extent required by the law of this state applicable in an action or distribution proceeding for United States dollars, if there is a failure to make or accept an offer of settlement, an offer of judgment, or conduct by a party or its attorney causing undue delay or expense.
(c)A judgment shall bear interest at the rate applicable for a judgment under the law of this state.
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Legislative History
(P.A. 89-134, S. 9; P.A. 07-217, S. 185.) History: P.A. 07-217 made a technical change in Subsec. (b), effective July 12, 2007.
Nearby Sections
15
§ 50a-101
Scope of application.§ 50a-103
Receipt of written communications.§ 50a-104
Waiver of right to object.§ 50a-105
Extent of court intervention.§ 50a-110
Number of arbitrators.§ 50a-111
Appointment of arbitrators.§ 50a-112
Grounds for challenge.§ 50a-113
Challenge procedure.