§ 32-41-09 — Prejudgment and judgment interest

North Dakota § 32-41-09

• Jurisdiction: North Dakota
• Title 32: Judicial Remedies
• Ch. 32-41: Uniform Foreign-Money Claims Act

Text

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.