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
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
This bill would provide that money judgments would bear interest from the date of the cause of action
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.
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 |