Sec. 50a-59. Prejudgment and judgment interest.
Sec. 50a-59. Prejudgment and judgment interest. (a) With respect to a foreign-money claim, recovery of prejudgment interest and the rate of interest to be applied in
the case are matters of the substantive law governing the right to recovery under the
conflict of laws rules of this state.
(b) Notwithstanding subsection (a) of this section, an increase or decrease in calculated prejudgment interest may be made in a foreign-money claim to the extent required
by the law of this state applicable in an action or distribution proceeding for United
States dollars, if there is a failure to make or accept an offer of settlement, an offer of
judgment, or conduct by a party or its attorney causing undue delay or expense.
(c) A judgment shall bear interest at the rate applicable for a judgment under the
law of this state.
(P.A. 89-134, S. 9; P.A. 07-217, S. 185.)
History: P.A. 07-217 made a technical change in Subsec. (b), effective July 12, 2007.