Sec. 304.107. VALUE OF SETTLEMENT OFFER FOR COMPUTING PREJUDGMENT INTEREST. If a settlement offer does not provide for cash payment at the time of settlement, the amount of the settlement offer for the purpose of computing prejudgment interest is the cost or fair market value of the settlement offer at the time it is made.
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Chapter 304 - Judgment Interest
Subchapter B. Prejudgment Interest in Wrongful Death, Personal Injury, or Property Damage Case
Section 304.101. Applicability of Subchapter
Section 304.102. Prejudgment Interest Required in Certain Cases
Section 304.104. Accrual of Prejudgment Interest
Section 304.1045. Future Damages
Section 304.105. Effect of Settlement Offer on Accrual of Prejudgment Interest
Section 304.106. Settlement Offer Requirements to Prevent Prejudgment Interest Accrual
Section 304.107. Value of Settlement Offer for Computing Prejudgment Interest