§ 78B-5-409. Conversions of foreign money in a distribution proceeding.

Latest version.

The rate of exchange prevailing at or near the closing of business on the day the proceeding is initiated shall govern all exchanges of foreign money in a distribution proceeding. A foreign-money claimant in a distribution proceeding must assert its claim in the named foreign money and show the amount of United States dollars resulting from a conversion as of the date the proceeding was initiated.

Renumbered and Amended by Chapter 3, 2008 General Session

                    
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