US Lawyer Database

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.

34-51-3-0.2. Application of Prior Law

Sec. 0.2. The addition of IC 34-4-34-3, IC 34-4-34-4, IC 34-4-34-5, and IC 34-4-34-6 (before their repeal, now codified in this chapter) by P.L.278-1995 applies to a cause of action that accrues after June 30, 1995. As added by P.L.220-2011, SEC.576.

34-51-5-0.2. Application of Prior Law

Sec. 0.2. The addition of IC 34-4-35-1 (before its repeal, now codified in section 1 of this chapter) by P.L.201-1986 does not apply to actions accruing before September 1, 1986. As added by P.L.220-2011, SEC.577.

34-51-3-1. Applicability of Chapter

Sec. 1. This chapter applies to all cases in which a party requests the recovery of punitive damages in a civil action. [Pre-1998 Recodification Citation: 34-4-34-1.] As added by P.L.1-1998, SEC.47.

34-51-3-2. Necessity of Evidence of Facts

Sec. 2. Before a person may recover punitive damages in any civil action, that person must establish, by clear and convincing evidence, all of the facts that are relied upon by that person to support the recovery of punitive damages. [Pre-1998 Recodification Citation: 34-4-34-2.] As added by P.L.1-1998, SEC.47.

34-51-3-3. Restrictions on Jury Instructions

Sec. 3. A jury in a case subject to this chapter may not be advised of: (1) the limitation on the amount of a punitive damage award under section 4 of this chapter; or (2) the requirement under section 6 of this chapter concerning allocation of money received in payment of a punitive damage award. […]