New Mexico § 39-4C-10 Pre-judgment and judgment interest

New Mexico Statutes

§ 39-4C-10 — Pre-judgment and judgment interest

New Mexico·Ch. 39 Judgments, Costs, Appeals·Art. 4C Foreign-Money Claims

A.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 B of this section, are matters of the substantive law governing the right to recovery under the conflict-of-laws rules of this state.

B.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.

C.A judgment or award on a foreign-money claim bears interest at the rate applicable to judgments of

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A. 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 B of this section, are matters of the substantive law governing the right to recovery under the conflict-of-laws rules of this state. B. 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. C. A judgment or award on a foreign-money claim bears interest at the rate applicable to judgments of this state.

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