Connecticut § 3-44 - Interest on overdue loans.
Full text of Connecticut Connecticut General Statutes § 3-44 — Interest on overdue loans., with citation guidance and answers to common questions.
§ 3-44. Interest on overdue loans.
Sec. 3-44. Interest on overdue loans. When the semiannual interest due on any bond or note given for moneys loaned from the School Fund or the Agricultural College Fund remains unpaid fifteen days or more after it has become due, the Treasurer is authorized to charge interest thereon from the time the same became due and, if the semiannual interest remains unpaid six months after it becomes due, the interest charged shall be at the rate of nine per cent per annum until the same is paid. The Treasurer is authorized to waive interest due or to become due on unpaid interest.
(1949 Rev., S. 134, 136; 1957, P.A. 506, S. 2.)
Frequently Asked Questions About Connecticut § 3-44
What does Connecticut General Statutes § 3-44 cover?
Section 3-44 ("Interest on overdue loans.") is part of the Connecticut General Statutes, the codified statutory law of Connecticut. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Connecticut § 3-44?
A common citation format is "Connecticut General Statutes § 3-44" (Connecticut). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Connecticut law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Connecticut official source linked on this page or consult a licensed Connecticut attorney.
How does Connecticut § 3-44 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Connecticut can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Connecticut.