When partial commutation is ordered, the industrial commissioner shall fix the lump sum to be paid at an amount which will equal the future payments for the period commuted, capitalized at their present value upon the basis of interest at the rate provided in section 535.3 for court judgments and decrees, with provisions for the payment of weekly compensation not included in the commutation, subject to the law applicable to such unpaid weekly payments; all remaining payments, if any, to be paid at the same time as though the commutation had not been made.
[S13, § 2477-m15; C24, 27, 31, 35, 39, § 1408; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 85.48; 82 Acts, ch 1161, § 17]
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