AMERICAN NATIONAL BANK v. PEACOCK

Docket No. F003696.

165 Cal.App.3d 1206 (1985)

212 Cal. Rptr. 97

AMERICAN NATIONAL BANK, Plaintiff and Appellant, v. FRANK PARKER PEACOCK et al., Defendants and Respondents.

Court of Appeals of California, Fifth District.

March 22, 1985.


Attorney(s) appearing for the Case

COUNSEL

Jory, Peterson & Sagaser, John E. Peterson and Christine A. Goodrich for Plaintiff and Appellant.

No appearance for Defendants and Respondents.


OPINION

WOOLPERT, J.

In this case we examine legislation increasing the rate of interest on judgments and conclude the clear language calling for its effective date in January 1982 was meant to be January 1983.

In September of 1979, a judgment was entered against appellant, American National Bank (hereafter American National). Interest on this judgment was set at 7 percent per annum from March 14, 1977, to the date of the...

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