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1997 SESSION

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HB 2542 Interest on judgments or verdicts.

Introduced by: William C. Mims | all patrons    ...    notes | add to my profiles

SUMMARY:

Civil remedies; interest on judgments, etc. Provides that when a judgment is entered on a negotiable instrument, interest will accrue on the principal amount of the judgment at the rate specified in the instrument or, if the instrument does not specify a rate, at the judgment rate of interest. Currently, because the U.C.C. is silent, an award of interest on the principal amount at a rate different from the judgment rate is discretionary with the court. Prior to the revision of former Title 8.3 interest ran at the judgment rate, unless otherwise provided in the instrument.

FULL TEXT

• 01/20/97  House: Presented & ordered printed 971370358  pdf
• 02/01/97  House: Printed as engrossed 971370358-E  pdf
• 03/06/97  House: Bill text as passed House and Senate (HB2542ER)  pdf
• 03/21/97  Governor: Acts of Assembly Chapter text (CHAP0551)  pdf

AMENDMENTS

• House amendments
• Senate amendments engrossed
• Conference amendments

HISTORY

• 01/20/97  House: Presented & ordered printed 971370358
• 01/20/97  House: Referred to Committee on Corporations, Insurance and Banking
• 01/30/97  House: Reported from C. I. B. w/amd. (22-Y 0-N)
• 01/31/97  House: Read first time
• 02/01/97  House: Read second time
• 02/01/97  House: Committee amendment agreed to
• 02/01/97  House: Engrossed by House as amended
• 02/01/97  House: Printed as engrossed 971370358-E
• 02/02/97  House: Read third time and passed House (Block Vote) (100-Y 0-N)
• 02/02/97  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
• 02/02/97  House: Communicated to Senate
• 02/03/97  Senate: Constitutional reading dispensed (36-Y 4-N)
• 02/03/97  Senate: Referred to Committee for Courts of Justice
• 02/12/97  Senate: Reported from Courts of Justice w/amds. (15-Y 0-N)
• 02/13/97  Senate: Const. reading disp., passed by for the day (39-Y 0-N)
• 02/13/97  Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
• 02/13/97  Senate: Reconsideration of passed by for the day (40-Y 0-N)
• 02/13/97  Senate: VOTE: (40-Y 0-N)
• 02/13/97  Senate: Passed by for the day
• 02/14/97  Senate: Read third time
• 02/14/97  Senate: Reading of amendments waived
• 02/14/97  Senate: Committee amendments agreed to
• 02/14/97  Senate: Engrossed by Senate as amended
• 02/14/97  Senate: Passed Senate with amendments (40-Y 0-N)
• 02/14/97  Senate: VOTE: PASSAGE (40-Y 0-N)
• 02/17/97  House: Placed on Calendar
• 02/18/97  House: Senate amendments rejected by House (5-Y 92-N)
• 02/18/97  House: VOTE: ADOPTION (5-Y 92-N)
• 02/20/97  Senate: Senate insisted on amendments (40-Y 0-N)
• 02/20/97  Senate: VOTE: INSIST & REQUEST (40-Y 0-N)
• 02/20/97  Senate: Senate requested conference committee
• 02/20/97  House: House acceded to request
• 02/20/97  House: Conferees appointed by House
• 02/20/97  House: Delegates: Mims, Davies, Moore
• 02/20/97  Senate: Conferees appointed by Senate
• 02/20/97  Senate: Senators: Benedetti, Reasor, Lucas
• 02/22/97  Senate: Reading of conference report waived
• 02/22/97  Senate: Conference report agreed to by Senate (39-Y 0-N)
• 02/22/97  Senate: VOTE: CONFERENCE COMMITTEE RPT (39-Y 0-N)
• 02/22/97  Conference: Senate amendments rejected by conference committee
• 02/22/97  Conference: Amended by conference committee
• 02/22/97  House: Conference report agreed to by House (95-Y 1-N)
• 02/22/97  House: VOTE: ADOPTION (95-Y 1-N)
• 03/06/97  House: Bill text as passed House and Senate (HB2542ER)
• 03/11/97  House: Enrolled
• 03/12/97  House: Signed by Speaker
• 03/13/97  Senate: Signed by President
• 03/19/97  Governor: Approved by Governor-Chapter 551 (effective 7/1/97)
• 03/21/97  Governor: Acts of Assembly Chapter text (CHAP0551)