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CHASE MANHATTAN BANK v. POWELL

111 A.D.2d 145 (1985)

Chase Manhattan Bank, N. A., Respondent, v. Gerald A. Powell et al., Appellants, et al., Defendants

Appellate Division of the Supreme Court of the State of New York, Second Department.

May 6, 1985

Order modified, by deleting therefrom the following "nine percent per annum (CPLR 5004) from September 30, 1980", and substituting therefor "six percent per annum from September 30, 1980, until June 25, 1981, and nine percent per annum after June 25, 1981 (CPLR 5004)". As so modified, order affirmed insofar as appealed from, without costs or disbursements.

CPLR 5004 now provides for interest at the rate of 9% per annum. However, this interest rate took effect on June...

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