16-201.   Legal rate of interest.Creditors shall be allowed to receive interest at the rate of tenpercent per annum, when no other rate of interest is agreed upon, forany money after it becomes due; for money lent or money due onsettlement of account, from the day of liquidating the account andascertaining the balance; for money received for the use of another andretained without the owner's knowledge of the receipt; for money due andwithheld by an unreasonable and vexatious delay of payment or settlementof accounts; for all other money due and to become due for theforbearance of payment whereof an express promise to pay interest hasbeen made; and for money due from corporations and individuals to theirdaily or monthly employees, from and after the end of each month, unlesspaid within fifteen days thereafter.

      History:   L. 1889, ch. 164, § 1; L. 1980, ch. 74, § 1; July 1.