Oregon Code § 24.300·Enacted ·Last updated March 01, 2026
Statute Text
Prejudgment and judgment interest.
(1) With respect to a foreign-money claim, recovery of prejudgment or preaward
interest and the rate of interest to be applied in the action or distribution
proceeding, except as provided in subsection (2) of this section, are matters
of the substantive law governing the right to recovery under the conflict of
laws rules of this state.
(2) The court or
arbitrator shall increase or decrease the amount of prejudgment or preaward
interest otherwise payable in a judgment or award in foreign money to the
extent required by the law of this state governing a failure to make or accept
an offer of settlement or offer of judgment, or conduct by a party or its
attorney causing undue delay or expense.
(3) A judgment or
award on a foreign-money claim bears interest at the rate applicable to
judgments of this state. [1991 c.202 §10]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 24.300
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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