2006 Code of Virginia § 8.01-382 - Verdict, judgment or decree to fix period at which interest begins; judgment or decree for interes...

8.01-382. Verdict, judgment or decree to fix period at which interestbegins; judgment or decree for interest.

In any action at law or suit in equity, the verdict of the jury, or if nojury the judgment or decree of the court, may provide for interest on anyprincipal sum awarded, or any part thereof, and fix the period at which theinterest shall commence. The judgment or decree entered shall provide forsuch interest until such principal sum be paid. If a judgment or decree berendered which does not provide for interest, the judgment or decree awardedor jury verdict shall bear interest at the judgment rate of interest asprovided for in 6.1-330.54 from its date of entry or from the date that thejury verdict was rendered. Notwithstanding the provisions of this section,any judgment entered for a sum due under a negotiable instrument, as definedby 8.3A-104, shall provide for interest on the principal sum in accordancewith 8.3A-112 at the rate specified in the instrument. If no such rate isspecified, interest on the principal sum shall be at the judgment rateprovided in 6.1-330.54.

(Code 1950, 8-223; 1964, c. 219; 1974, c. 172; 1975, c. 448; 1977, c. 617;1979, c. 501; 1997, c. 551; 2004, c. 646.)