§ 6-26-7. Action on foreign protested bill.
Any person having a right to demand any sum of money upon a foreign protested bill of exchange as stated in § 6-26-6 may commence and prosecute an action for principal, damages, interest, and charges of protest against the drawers and endorsers, jointly or severally, or against either of them separately; and judgment shall and may be given for the principal, damages, charges, and interest upon the principal after the rate established in § 6-26-6, to the time of the judgment, together with costs of suit.
History of Section.G.L. 1896, ch. 166, § 2; G.L. 1909, ch. 201, § 2; G.L. 1923, ch. 228, § 2; G.L. 1938, ch. 456, § 2; G.L. 1956, § 6-23-2; P.L. 2001, ch. 86, § 19; P.L. 2014, ch. 528, § 15.
Structure Rhode Island General Laws
Title 6 - Commercial Law – General Regulatory Provisions
Chapter 6-26 - Interest and Usury
Section 6-26-1. - Legal rate of interest — Post judgment interest.
Section 6-26-2. - Maximum rate of interest.
Section 6-26-3. - Criminal usury.
Section 6-26-4. - Usurious contracts — Penalty.
Section 6-26-5. - Pawnbrokers exempt.
Section 6-26-6. - Damages and interest on foreign protested bill of exchange.
Section 6-26-7. - Action on foreign protested bill.
Section 6-26-8. - Damages and interest on inland protested bill.
Section 6-26-9. - Penalty for possession of records of usurious transactions.
Section 6-26-10. - Possession of usury records — Evidence of knowledge.