2013 -- S 0287 | |
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LC01046 | |
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STATE OF RHODE ISLAND | |
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IN GENERAL ASSEMBLY | |
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JANUARY SESSION, A.D. 2013 | |
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A N A C T | |
RELATING TO COURTS AND CIVIL PROCEDURE--PROCEDURE GENERALLY -- | |
JUDGMENTS, ORDERS AND DECREES -- INTEREST ON JUDGMENTS | |
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     Introduced By: Senator Joshua Miller | |
     Date Introduced: February 12, 2013 | |
     Referred To: Senate Judiciary | |
It is enacted by the General Assembly as follows: | |
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     SECTION 1. Section 9-21-10 of the General Laws in Chapter 9-21 entitled "Judgments, |
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Orders, and Decrees" is hereby amended to read as follows: |
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     9-21-10. Interest in civil actions. -- (a) In any civil action in which a verdict is rendered |
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or a decision made for pecuniary damages, there shall be added by the clerk of the court to the |
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amount of damages interest at the rate of twelve percent (12%) per annum thereon from the date |
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judgment entered therein. Post-judgment interest shall be calculated at the rate of twelve percent |
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(12%) per annum and accrue on both the principal amount of the judgment and the prejudgment |
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interest entered therein. This section shall not apply until entry of judgment or to any contractual |
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obligation where interest is already provided. |
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     SECTION 2. This act shall take effect on January 1, 2014. |
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LC01046 | |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO COURTS AND CIVIL PROCEDURE--PROCEDURE GENERALLY -- | |
JUDGMENTS, ORDERS AND DECREES -- INTEREST ON JUDGMENTS | |
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     This act would provide that interest on judgments would accrue from the date of the |
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filing of the civil action, not the date the cause of action accrued. |
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     This act would take effect on January 1, 2014. |
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LC01046 | |
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