Title 7, Chapter 4, Section 15
( 7-4-15)
All liquidated demands, where by agreement or otherwise the sum to
be paid is fixed or certain, bear interest from the time the party
shall become liable and bound to pay them; if payable on demand,
they shall bear interest from the time of the demand. In case of
promissory notes payable on demand, the law presumes a demand
instantly and gives interest from date. |