If a settlement offer does not provide for cash payment at the time of settlement, the amount of the settlement offer for the purpose of computing prejudgment interest is the cost or fair market value of the settlement offer at the time it is made.
Tex. Fin. Code § 304.107
VALUE OF SETTLEMENT OFFER FOR COMPUTING PREJUDGMENT INTEREST
Applied in 1 court decision — leading case Susan Meek, M.D. v. Rockne Onstad Individually and D/B/A the Onstad Law Firm and Joyce Stamp Lilly Individually and D/B/A Joyce Stamp Lilly, RN, JDPC (2014)
Most recently applied in Susan Meek, M.D. v. Rockne Onstad Individually and D/B/A the Onstad Law Firm and Joyce Stamp Lilly Individually and D/B/A Joyce Stamp Lilly, RN, JDPC (April 2014)
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.