North Dakota § 32-41-09 Prejudgment and judgment interest

North Dakota Statutes

§ 32-41-09 — Prejudgment and judgment interest

North Dakota·Title 32 Judicial Remedies·Ch. 32-41 Uniform Foreign-Money Claims Act

1.With respect to a foreign-money claim, recovery of prejudgment or preaward interest and the rate of interest to be applied in the action or distribution proceeding, except as provided in subsection 2, 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 prejudgment or preaward 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.

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1. With respect to a foreign-money claim, recovery of prejudgment or preaward interest
and the rate of interest to be applied in the action or distribution proceeding, except as
provided in subsection 2, 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 prejudgment or
preaward 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.

North Dakota § 32-41-09 (Prejudgment and judgment interest) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.