O.C.G.A.
O.C.G.A. § 50-21-31 (2019)
Interest rate after judgment
✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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In all cases where judgment is obtained under this article, the judgment shall bear interest from the date judgment is entered at the rate of 7 percent per annum.
History
Code 1981, § 50-21-31, enacted by Ga. L. 1992, p. 1883, § 1.
Annotations
JUDICIAL DECISIONS Interest on excessive judgments. - In a negligence action against the Department of Transportation, the court erred in entering judgment in excess of $1 million, as allowed under O.C.G.A. § 50-21-29(b), and interest accrued on the $1 million
maximum allowable, not on the larger sum returned in the verdict. DOT v. Cannady, 230 Ga. App. 585, 497 S.E.2d 72 (1998), aff ’d, 270 Ga. 427, 511 S.E.2d 173 (1999).
Notes of Decisions
Cited in 1
case, 1998–1998 · leading case: Dep't of Transp. v. Cannady, 497 S.E.2d 72 (Ga. Ct. App. 1998).
Dep't of Transp. v. Cannady, 497 S.E.2d 72 (Ga. Ct. App. 1998). “OCGA § 50-21-31 reads: “In all cases where judgment is obtained under this article, the judgment shall bear interest from the date judgment is entered at the rate of 7 percent per annum.”
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