§ 34-54-8-5 Interest on final judgments

Codes > Indiana Code > Title 34 > Article 54 : Chapter 8 > 34-54-8-5 Interest

34-54-8-5 Interest on final judgments

    Sec. 5. (a) This section applies to actions or proceedings in which:

        (1) the state, a board, a commission, an agency, or an official is authorized by law to sue or be sued; and

        (2) a money judgment is authorized by law to be entered and to be paid out of state funds in the custody of the state or in the custody of the board, commission, agency, or official.

    (b) Interest attaches to a final judgment entered in an action or proceeding described in subsection (a):

        (1) at the annual rate of six percent (6%); and

        (2) beginning with the forty-fifth day after the rendition of the judgment.