(a) Except as provided in subsection (b) of this section, proper money of the claim is, as the case may be, the money: (1) Regularly used between the parties as a matter of usage or course of dealing; (2) used at the time of a transaction in international trade, by trade usage or common practice, for valuing or settling transactions in the particular commodity or service involved; or (3) in which the loss was ultimately felt or will be incurred by a party.
(b) The money in which the parties have contracted that a payment be made is the proper money of the claim for that payment.
(P.A. 89-134, S. 4; P.A. 07-217, S. 183.)
History: P.A. 07-217 made technical changes in Subsec. (a), effective July 12, 2007.
Structure Connecticut General Statutes
Chapter 861a - Uniform Foreign-Money Claims Act
Section 50a-50. - Short title: Uniform Foreign-Money Claims Act.
Section 50a-51. - Definitions.
Section 50a-52. - Applicability.
Section 50a-53. - Variation by agreement.
Section 50a-54. - Determination of proper money of claim.
Section 50a-55. - Determination of amount of payment of certain contract claims.
Section 50a-56. - Foreign-money claim; assertion, defense.
Section 50a-57. - Judgments on foreign-money claims. Form.
Section 50a-58. - Conversion of foreign money in distribution proceeding.
Section 50a-59. - Prejudgment and judgment interest.
Section 50a-60. - Enforcement of foreign judgments.
Section 50a-61. - Determination of United States dollar amount for limited purpose.
Section 50a-62. - Effect of currency revalorizations.
Section 50a-63. - Effect of certain agreements.