§478-3 - On judgment. - Hawaii Statutes

     §478-3  On judgment.  Interest at the rate of ten per cent a year, and no more, shall be allowed on any judgment recovered before any court in the State, in any civil suit. [CC 1859, §1481; am L 1868, p 9; am L 1898, c 4, §2; RL 1925, §3586; RL 1935, §7051; am L 1935, c 18, §1; RL 1945, §8732; RL 1955, §191-2; HRS §478-2; am L 1979, c 211, §1; am L 1981, c 9, §2; ren L 1986, c 137, pt of §1]

 

Cross References

 

  Eminent domain, see §§101-25, 101-33.

  Commencement date of interest, see §636-16.

 

Case Notes

 

  Right to prejudgment interest.  381 F.2d 965, 971, aff'g 245 F. Supp. 981.

  Foreign judgment, interest on.  8 H. 335.

  Rate provided by the eminent domain statute relates back to date of judgment where payment delayed more than thirty days, this section being inapplicable.  45 H. 650, 372 P.2d 348.  Compare 30 H. 1, 10, where applicability of this section during the thirty day period was not appealed.

  Section does not preclude prejudgment interest.  51 H. 346, 461 P.2d 140.

  Decree in mortgage foreclosure action which only orders sale of mortgaged property is not a money judgment upon which statutory interest accrues.  60 H. 413, 591 P.2d 104.

  Interest accrues only on judgments for an in personam liability for money on a determined amount.  60 H. 467, 591 P.2d 1060.

  Not applicable to interest assessed by arbitrator as compensation or penalty to prevent further damages.  66 H. 663, 675 P.2d 760.

  Section cannot be interpreted to allow postjudgment interest on §636-16 prejudgment interest.  74 H. 1, 837 P.2d 1273.

  Court did not abuse its discretion under this section and §636-16 in awarding appellee ten per cent interest per annum on appellee's back pay.  74 H. 599, 851 P.2d 311.

  Nothing in the language of §431:15-323 or this section precluded an award of post-judgment interest to insurance commissioner upon final judgment awarding commissioner the unpaid premiums from customer of liquidated mutual benefit society.  99 H. 53, 52 P.3d 823.

  Insofar as the State has not expressly and statutorily waived its sovereign immunity from postjudgment interest in suits brought pursuant to §661-1, the State is immune from awards of postjudgment interest under this section in §661-1 actions; thus, the trial court erred in ordering that the employees' retirement system pay statutory interest at the rate of ten per cent per annum, pursuant to this section.  106 H. 416, 106 P.3d 339.

  Section not retroactive.  3 H. App. 646, 658 P.2d 898.

  Plaintiff ex-wife was entitled to post-judgment interest on the child support arrearage ex-husband owed; family court erred in failing to award interest on the principal.  97 H. 160 (App.), 34 P.3d 1059.

  Cited:  35 H. 352, 366; 36 H. 107, 109.