(a) Actions in which recoverable. Interest shall be recovered upon a sum awarded because of a breach of performance
of a contract, or because of an act or omission depriving or otherwise interfering
with title to, or possession or enjoyment of, property, except that in an action of
an equitable nature, interest and the rate and date from which it shall be computed
shall be in the court's discretion.
(b) Date from which computed. Interest shall be computed from the earliest ascertainable date the cause of action
existed, except that interest upon damages incurred thereafter shall be computed from
the date incurred. Where such damages were incurred at various times, interest shall be computed upon
each item from the date it was incurred or upon all of the damages from a single reasonable
(c) Specifying date; computing interest. The date from which interest is to be computed shall be specified in the verdict,
report or decision. If a jury is discharged without specifying the date, the court upon motion shall
fix the date, except that where the date is certain and not in dispute, the date may
be fixed by the clerk of the court upon affidavit. The amount of interest shall be computed by the clerk of the court, to the date
the verdict was rendered or the report or decision was made, and included in the total
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.