Me. Rev. Stat. » Title 9
Maine Revised Statutes

Me. Rev. Stat. tit. 9, § 228 (2026)

Legal interest rate

✓ current as of May 2026
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(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §3 (RP).
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Notes of Decisions
Cited in 3 cases, 1975–1976 · leading case: Milstar Mfg. Corp. v. Waterville Urban Renewal Auth., 351 A.2d 538 (Me. 1976).
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Milstar Mfg. Corp. v. Waterville Urban Renewal Auth., 351 A.2d 538 (Me. 1976). · cites it 2× “At the time this taking was finalized (April 2, 1971), 9 M.R.S.A. § 228 provided : “In the absence of an agreement in writing, the legal rate of interest is 6% a year.”
Rand v. B. G. Pride Realty, 360 A.2d 519 (Me. 1976). · cites it 2× “Although this last continuance was for a period longer than 30 days, the request was not made by the “prevailing party” within the meaning of § 1602.”
Ginn v. Penobscot Co., 342 A.2d 270 (Me. 1975). “9 M.R.S.A. § 228. It should be noted that the 10% post-judgment portion of the statute became effective during the pendency of litigation in this case.”
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