§ 729.10 Interest

Codes > Oklahoma Statutes > Title 12 > Chapter 12 : Oklahoma Uniform > 729.10

§ 729.10. Interest

    A. With respect to a foreign-money claim, recovery of prejudgment 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 prejudgment 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.