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Judgments Act

Chapter 81

Judgments Act
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Chapter 81
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Zambia

Judgments Act

Chapter 81

  • Commenced on 5 May 1961
  • [This is the version of this document from 14 November 1997.]
  • [This legislation has been revised and consolidated by the Ministry of Legal Affairs of the Government of the Republic of Zambia. This version is up-to-date as at 31st December 1996. All subsequent amendments have been researched and applied by Laws.Africa for ZAMBIALII.]
  1. [Amended by Judgments (Amendment) Act, 1997 (Act 16 of 1997) on 14 November 1997]
[10 of 1961]An Act to provide for the payment of interest on judgment debts.

1. Short title

This Act may be cited as the Judgments Act.

2. Judgment debts, etc., to carry interest

Every judgment, order, or decree of the High Court or of a subordinate court whereby any sum of money, or any costs, charges or expenses, is or are to be payable to any person shall carry interest as may be determined by the court which rate shall not exceed the current lending rate as determined by the Bank of Zambia from the time of entering up such judgment, order, or decree until the same shall be satisfied, and such interest may be levied under a writ of execution on such judgment, order, or decree.[section 2 substituted by section 2 of Act 16 of 1997]

3.

(1)In this section "judgment debt " means any sum of money, and any costs, charges and expenses referred to in section two.
(2)Any act or thing done or permitted to be done in good faith, at any time before the commencement of this section is hereby validated if—
(a)the interest on any judgment debt was held or allowed to be payable at a rate greater than six per centurrn per annum; and
(b)the payment of any such interest was duly enforced.
(3)Notwithstanding subsection (2) this section shall not apply to cases where the interest on judgment debt was settled at a rate of six per centum per annum contrary to the judgment order imposing a rate higher than six per centum per annum.
[section 3 added by section 3 of Act 16 of 1997]

History of this document

14 November 1997 this version
31 December 1996
Consolidation
Read this version
05 May 1961
Commenced
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