50615, 50617 Precedential Processed

State Ex Rel. Department of Highways v. Vermilion Development Co.

Louisiana Supreme Court · Filed May 4, 1971 · 249 So. 2d 167

Cited by

Opinion text

ON APPLICATION FOR REHEARING PER CURIAM. The meaning of “legal interest” is questioned. The interest rate as provided *1193 in both R.S. 48:455 and La.Civil Code Article 1938 was 5% when these debts accrued (C.C. art. 1938 was amended in 1970). We do not decide which of these provisions now prevails for it is not at issue. Legal interest on this judgment is 5%. TATE, J., recused.