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N.Y. CPLR § 5001

N.Y. CPLR § 5001 - Interest to Verdict, Report or Decision (2024)

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Verbatim reference text. This is the full, unedited text of N.Y. CPLR § 5001, provided for reference only — it is not legal advice, and Divorce.law is not a law firm. Always confirm current wording against the official source.

NEW YORK CIVIL PRACTICE LAW AND RULES (CPLR) New York State | For Informational Purposes Only CPLR § 5001 Interest to verdict, report or decision § 5001. Interest to verdict, report or decision. (a) Actions in whichrecoverable. Interest shall be recovered upon a sum awarded because of abreach of performance of a contract, or because of an act or omissiondepriving or otherwise interfering with title to, or possession orenjoyment of, property, except that in an action of an equitable nature,interest and the rate and date from which it shall be computed shall bein the court's discretion.(b) Date from which computed. Interest shall be computed from theearliest ascertainable date the cause of action existed, except thatinterest upon damages incurred thereafter shall be computed from thedate incurred. Where such damages were incurred at various times,interest shall be computed upon each item from the date it was incurredor upon all of the damages from a single reasonable intermediate date.(c) Specifying date; computing interest. The date from which interestis to be computed shall be specified in the verdict, report or decision.If a jury is discharged without specifying the date, the court uponmotion shall fix the date, except that where the date is certain and notin dispute, the date may be fixed by the clerk of the court uponaffidavit. The amount of interest shall be computed by the clerk of thecourt, to the date the verdict was rendered or the report or decisionwas made, and included in the total sum awarded.