78B-5-410 - Prejudgment and judgment interest.
78B-5-410. Prejudgment and judgment interest.
(1) With respect to a foreign-money claim, recovery of prejudgment interest and the rateof interest to be applied in the action or distribution proceeding are matters of the substantive lawgoverning the right to recovery under the conflict of laws rules of this state.
(2) Notwithstanding Subsection (1), an increase or decrease in the amount ofprejudgment interest otherwise payable may be made in a foreign-money judgment to the extentrequired by the law of this state governing a failure to make or accept an offer of settlement oroffer of judgment, or conduct by a party or its attorney causing undue delay or expense.
(3) A judgment on a foreign-money claim bears interest at the same rate applicable toother judgments of this state.
Renumbered and Amended by Chapter 3, 2008 General Session