Text: HSB00559 Text: HSB00561 Text: HSB00500 - HSB00599 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. NEW SECTION. 677.10A PREJUDGMENT INTEREST.
1 2 If any offer of judgment is made under this chapter and is
1 3 not accepted, and a subsequent trial results in a judgment
1 4 which is less than the offer of judgment, prejudgment interest
1 5 shall not be calculated or be subject to recovery after the
1 6 date of the offer.
1 7 EXPLANATION
1 8 This bill limits recovery of prejudgment interest in any
1 9 pending or proposed action where an offer to confess judgment
1 10 is made, but is not accepted, and a subsequent trial results
1 11 in a judgment that is less than the amount in the offer of
1 12 judgment. In such a case, no prejudgment interest is to be
1 13 calculated or is recoverable after the date of the offer of
1 14 judgment.
1 15 LSB 5629YC 78
1 16 jj/cf/24
Text: HSB00559 Text: HSB00561 Text: HSB00500 - HSB00599 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
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