SENATE DOCKET, NO. 1562        FILED ON: 1/21/2011

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 646

 

The Commonwealth of Massachusetts

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PRESENTED BY:

Frederick E. Berry, (BY REQUEST)

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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act relative to interest added to damages in contract actions.

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PETITION OF:

 

Name:

District/Address:

Stefano Picciotto

418 Lafayette St. Salem, MA 01970


SENATE DOCKET, NO. 1562        FILED ON: 1/21/2011

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 646

By Mr. Berry (by request), a petition (accompanied by bill, Senate, No. 646) of Stefano Picciotto for legislation relative to interest added to damages in contract actions.  The Judiciary.

 

The Commonwealth of Massachusetts

 

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In the Year Two Thousand Eleven

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An Act relative to interest added to damages in contract actions.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

                SECTION 1. Chapter 235 § 8, is amended by adding the following language at the end of  § 8:

When the funds at issue involve disputed attorney fees and the funds have been deposited, pretrial, into the court register, the only interest that shall be added to the judgment is that which is actually generated by the court-held funds.