Judgments (Amendment) Act, Cap 81

Chapter number: 
81
Download of Original File: 

CHAPTER 81 THE JUDGMENTS ACTCHAPTER 81

THE JUDGMENTS ACT

 

 

ARRANGEMENT OF SECTIONS

 

 

Section

1.            Short title

2.            Judgment debts, etc., to carry interest

 

 

 

CHAPTER 81

 

 

JUDGMENTS

 

10of 1961

16 of 1997

 

An Act to provide for the payment of interest on judgment debts.

[5th May, 1961]

 

 

1.  (1)  This Act may be cited as the Judgments (Amendment) Act, 1997, and shall be read as one with the Judgments Act, in this Act referred to as the principal Act.

(2)Subject to section three, this Act shall come into operation on the date of publication.

Short title

 

2.    Every judgment, order, or decree of the High Court or of a subordinate court whereby any sum of money, or any costs, charges or expenses, is or are to be payable to any person shall carry interest as may be determined by the court which rate shall not exceed the current lending rate as determined by the Bank of Zambia from the time of entering up such judgment, order, or decree until the same shall be satisfied, and such interest may be levied under a writ of execution on such judgment, order, or decree.

Judgment debts, etc., to carry interest