HB524 Alabama 2013 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2013
Title
Money judgments, bear interest from date of the cause of action, Sec. 8-8-10 am'd.
Description
<p class="bill_description"> Under existing law, post-judgment interest
on money judgments, if based upon a contract
action, bear interest from the day of the cause of
action at the same rate of interest as stated in
the contract</p><p class="bill_description">
This bill would provide that money judgments
would bear interest from the date of the cause of
action</p><p class="bill_entitled_an_act"> To amend Section 8-8-10, Code of Alabama 1975,
relating to the interest on money judgments; to provide that
all money judgments would bear interest from the date of the
cause of action.
</p>
Subjects
Civil Procedure
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 2, 2013 | H | Read for the first time and referred to the House of Representatives committee on Judiciary |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB524 Alabama 2013 Session - Introduced |