620.1107
Supplemental principles of law; rate of interest.
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620.1107 Supplemental principles of law; rate of interest.—
(1) Unless displaced by particular provisions of this act, the principles of law and equity supplement this act.
(2) If an obligation to pay interest arises under this act and the rate is not specified, the same rate of interest that has been determined for judgments in accordance with s. 55.03 shall apply to the obligation in question.
History.—s. 17, ch. 2005-267.
Notes of Decisions
Cited in 2
cases, 2009–2019 · leading case: Carolina Preservation Partners, Inc. v. Wolf Arbin Weinhold
Carolina Preservation Partners, Inc. v. Wolf Arbin Weinhold (2009)
“” Fla. Stat. § 620.1107 . 5 . As self-dealing is permitted by RULPA, the partnership agreement does not vary the statutory duty of loyalty owed by the general partner to the partnership.”
Kendall Healthcare Group v. Madrigal (2019)
“2122(5), which provides that “[e]ach partner made a party to the proceeding is entitled to judgment for the amount of the fair value of such limited partner’s limited partner partnership interests, plus interest, as found by the court” (emphasis added); and (3) section 620.”
— 620.1107(1) — 1 case
Kendall Healthcare Group v. Madrigal (2019)
“2122(5), which provides that “[e]ach partner made a party to the proceeding is entitled to judgment for the amount of the fair value of such limited partner’s limited partner partnership interests, plus interest, as found by the court” (emphasis added); and (3) section 620.”
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