31-1-105. Annual rate.
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/mt/title-31/chapter-1/part-1/31-1-105·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
31-1-105 . Annual rate. When a rate of interest is prescribed by a law or contract without specifying the period of time by which such rate is to be calculated, it is to be deemed an annual rate.