summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
187th General Court
Bill Summary
Relative to interest added to damages in contract actions. The Judiciary.
AI Summary
This bill amends Chapter 231, Section 6H of existing law to clarify how interest is calculated on damages in contract actions, specifically when the funds in dispute involve attorney fees that have been deposited into the court's register before a trial. The key provision is that in such situations, the only interest that will be added to the final judgment is the actual amount of interest that the court-held funds have generated. This aims to prevent additional interest from being imposed on funds that are already being held by the court and earning their own interest.
Committee Categories
Justice
Sponsors (2)
Last Action
Accompanied a study order, see H4364 (on 07/31/2012)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.malegislature.gov/Bills/187/House/H1327 |
| State Bill Page | https://malegislature.gov/Bills/187/H1327 |
| Bill | https://malegislature.gov/Bills/PDF?billId=13242&generalCourtId=1 |
| Bill | https://malegislature.gov/Bills/BillHtml/13242?generalCourtId=1 |
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