Statutes, codes, and regulations
CODE OF GEORGIA
Title 7 - BANKING AND FINANCEChapter 4 - INTEREST AND USURY
Article 1 - IN GENERAL
Section 7-4-15 - When interest runs on liquidated demands; promissory notes payable on demand

Ga. Code § 7-4-15

Download
PDF
Current through 2023-2024 Legislative Session Chapter 709
Section 7-4-15 - When interest runs on liquidated demands; promissory notes payable on demand

All liquidated demands, where by agreement or otherwise the sum to be paid is fixed or certain, bear interest from the time the party shall become liable and bound to pay them; if payable on demand, they shall bear interest from the time of the demand. In case of promissory notes payable on demand, the law presumes a demand instantly and gives interest from date.

OCGA § 7-4-15