The rate of exchange prevailing at or near the close of business on the day the distribution proceeding is initiated governs all exchanges of foreign money in a distribution proceeding. A foreign-money claimant in a distribution proceeding shall 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.
Source: L. 90: Entire article added, p. 880, § 1, effective January 1, 1991.
Structure Colorado Code
Title 13 - Courts and Court Procedure
Article 62.1 - Uniform Foreign-Money Claims Act
§ 13-62.1-103. Variation by Agreement
§ 13-62.1-104. Determining Money of the Claim
§ 13-62.1-105. Determining Amount of the Money of Certain Contract Claims
§ 13-62.1-106. Asserting and Defending Foreign-Money Claim
§ 13-62.1-108. Conversions of Foreign Money in Distribution Proceeding
§ 13-62.1-109. Pre-Judgment and Judgment Interest
§ 13-62.1-110. Enforcement of Foreign Judgments
§ 13-62.1-111. Determining United States Dollar Value of Foreign-Money Claims for Limited Purposes
§ 13-62.1-112. Effect of Currency Revalorization
§ 13-62.1-113. Supplementary General Principles of Law
§ 13-62.1-114. Uniformity of Application and Construction