Sec. 103. Interest at the rate of eight percent (8%) per annum shall be allowed:
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Terms Used In Indiana Code 24-4.6-1-103
- in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(b) And from the date an itemized bill shall have been rendered and payment demanded on an account stated, account closed or for money had and received for the use of another and retained without the other person’s consent.
Formerly: Acts 1974, P.L.115, SEC.2. As amended by P.L.86-2018, SEC.196.
