Rhode Island § 9-32.1-10 § 9-32.1-10. Prejudgment and judgment interest.

Rhode Island Statutes

§ 9-32.1-10 — § 9-32.1-10. Prejudgment and judgment interest.

Rhode Island·Title 9 COURTS and CIVIL PROCEDURE–PROCEDURE GENERALLY·Ch. 9-32.1 Uniform Foreign Money Claims Act

§ 9-32.1-10. Prejudgment and judgment interest.
(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), 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 a

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§ 9-32.1-10. Prejudgment and judgment interest.

(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), 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.

Rhode Island § 9-32.1-10 (§ 9-32.1-10. Prejudgment and judgment interest.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.