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Developed and maintained by the Division of Legislative Automated Systems.
1997 SESSION
971370358Be it enacted by the General Assembly of Virginia:
1. That § 8.01-382 of the Code of Virginia is amended and reenacted as follows:
§ 8.01-382. Verdict, judgment or decree to fix period at which interest begins; judgment or decree for interest.
Except as otherwise provided in § 8.3-122, in In any
action at law or suit in equity, the verdict of the jury, or if no jury the
judgment or decree of the court, may provide for interest on any principal sum
awarded, or any part thereof, and fix the period at which the interest shall
commence. The judgment or decree entered shall provide for such interest until
such principal sum be paid. If a judgment or decree be rendered which does not
provide for interest, the judgment or decree awarded shall bear interest from
its date of entry, at the rate as provided in § 6.1-330.54, and judgment
or decree entered accordingly; provided, if the judgment entered in accordance
with the verdict of a jury does not provide for interest, interest shall
commence from the date that the verdict was rendered. Notwithstanding the
provisions of this section, any judgment entered for a sum due under a
negotiable instrument, as defined by § 8.3A-104, shall provide
for interest in accordance with § 8.3A-112 at the
rate specified in the instrument.