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- Alaska Statutes.
- Title 9. Code of Civil Procedure
- Chapter 30. Judgments
- Section 70. Interest On Judgments; Prejudgment Interest.
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. Offers of Judgment.
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AS 09.30.070. Interest On Judgments; Prejudgment Interest.
- (a) Notwithstanding AS 45.45.010
, the rate of interest on judgments and decrees for the payment of money, including prejudgment interest, is three
percentage points above the 12th Federal Reserve District discount rate in effect on January 2 of the year in which the
judgment or decree is entered, except that a judgment or decree founded on a contract in writing, providing for the
payment of interest until paid at a specified rate not exceeding the legal rate of interest for that type of contract,
bears interest at the rate specified in the contract if the interest rate is set out in the judgment or decree.
- (b) Except when the court finds that the parties have agreed otherwise and except as provided by AS 45.05.111
(d), prejudgment interest accrues from the day process is served on the defendant or the day the defendant received
written notification that an injury has occurred and that a claim may be brought against the defendant for that injury,
whichever is earlier. The written notification must be of a nature that would lead a prudent person to believe that a
claim will be made against the person receiving the notification, for personal injury, death, or damage to property.
- (c) Prejudgment interest may not be awarded for future economic damages, future noneconomic damages, or punitive damages.
Article 02. UNIFORM FOREIGN MONEY-JUDGMENTS RECOGNITION ACT
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