§ 16-65-114 - Interest on judgments. - Arkansas Statutes

16-65-114. Interest on judgments.

(a) Interest on a judgment entered by a circuit court on a contract shall bear interest at the rate provided by the contract or ten percent (10%) per annum, whichever is greater, and on any other judgment at ten percent (10%) per annum, but not more than the maximum rate permitted by the Arkansas Constitution, Article 19, 13, as amended.

(b) Interest on a judgment entered by a district court on a contract shall bear interest at the rate provided by the contract or ten percent (10%) per annum, whichever is greater, and on any other judgment at ten percent (10%).

(c) A judgment rendered or to be rendered against a county in the state on county warrants or other evidence of county indebtedness shall not bear any interest after the passage of this act.