Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
548.48 PREJUDGMENT AND JUDGMENT INTEREST.
(a) With respect to a foreign-money claim, recovery of prejudgment or preaward interest
and the rate of interest to be applied in the action or distribution proceeding, except as provided
in subsection (b), 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 preaward
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.
History: 1991 c 156 s 9
(a) With respect to a foreign-money claim, recovery of prejudgment or preaward interest
and the rate of interest to be applied in the action or distribution proceeding, except as provided
in subsection (b), 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 preaward
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.
History: 1991 c 156 s 9
Official Publication of the State of Minnesota
Revisor of Statutes