Regulation No 37 / 1955 Coll.
Regulation determining the amount of legal interest on late payments
Valid
Effective from 13.08.1955
37.
Order of the Minister of Justice
of 29 July 1955
determining the amount of legal interest on late payments.
In agreement with the ministers involved, the Minister of Justice hereby orders the Civil Code No. 141 / 1950 Coll., § 255 and 569:
Paragraph 7 of Regulation No 157 / 1950 Coll., implementing certain provisions of the Civil Code, as amended by Regulation No 17 / 1952 Coll., is added as follows:
"(1) The amount of legal interest on late payments shall be 21 / 2 per cent per year. In the case of claims by the State, economic, budgetary and other organisations and installations of the socialist sector, the amount of legal interest on late payments shall be 5% per year.
(2) The provisions of paragraph 1 shall not apply to contractual legal relations in contact with foreign persons. "
This Regulation shall enter into force on the day of its publication.
Broad v. r.
Dr Bartuška v. r.
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Regulation Information
| Citation | Regulation No. 37 / 1955 Coll. |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 13.08.1955 |
|---|---|
| Effective from | 13.08.1955 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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