US Lawyer Database

34-51-4-4. Liability of State or Political Subdivision

Sec. 4. This chapter does not impose liability for prejudgment interest on the state or any political subdivision (as those terms are defined in IC 34-6-2-140 and IC 34-6-2-110). [Pre-1998 Recodification Citation: 34-4-37-6.] As added by P.L.1-1998, SEC.47.

34-51-4-8. Time of Accrual of Prejudgment Interest

Sec. 8. (a) If the court awards prejudgment interest, the court shall determine the period during which prejudgment interest accrues. However, the period may not exceed forty-eight (48) months. Prejudgment interest begins to accrue on the latest of the following dates: (1) Fifteen (15) months after the cause of action accrued. (2) Six (6) months […]

34-51-4-9. Rate of Prejudgment Interest

Sec. 9. The court shall compute the prejudgment interest at the simple rate of interest determined by the court. The rate set by the court may not be less than six percent (6%) per year and not more than ten percent (10%) per year. [Pre-1998 Recodification Citation: 34-4-37-11.] As added by P.L.1-1998, SEC.47.