Indiana Code 34-54-8-5. Interest on final judgments
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Sec. 5. (a) This section applies to actions or proceedings in which:
(2) a money judgment is authorized by law to be entered and to be paid out of state funds in the custody of the state or in the custody of the board, commission, agency, or official.
(1) the state, a board, a commission, an agency, or an official is authorized by law to sue or be sued; and
Terms Used In Indiana Code 34-54-8-5
- Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
(b) Interest attaches to a final judgment entered in an action or proceeding described in subsection (a):
(1) at the annual rate of six percent (6%); and
(2) beginning with the forty-fifth day after the rendition of the judgment.
[Pre-1998 Recodification Citation: 34-2-22-1 part.]
As added by P.L.1-1998, SEC.50.