GroundRules
← Search the law
New Mexico · Through 2024-10-16

39-4C-10: Pre-judgment and judgment interest.

Read at publisher ↗
Where this section sits in the code
  1. Chapter 39 - Judgments, Costs, Appeals
  2. ARTICLE 4C Foreign-Money Claims

A. With respect to a foreign-money claim, recovery of pre-judgment or pre-award interest and the rate of interest to be applied in the action or distribution proceeding, except as provided in Subsection B of this section, are matters of the substantive law governing the right to recovery under the conflict-of-laws rules of this state.

B. The court or arbitrator shall increase or decrease the amount of pre-judgment or pre-award interest otherwise payable in a judgment or award in foreign money to the extent required by the law of this state governing a failure to make or accept an offer of settlement or offer of judgment, or conduct by a party or its attorney causing undue delay or expense.

C. A judgment or award on a foreign-money claim bears interest at the rate applicable to judgments of this state.

Collected 2026-09-03T15:02:19Z. Source file · JSON

Browse this collection