(a) If, after an obligation is expressed or a loss is incurred in a foreign money, the country issuing or adopting that money substitutes a new money in place of that money and for the same purposes, the obligation or the loss shall be treated as if expressed or incurred in the new money at the rate of conversion the issuing country establishes for the payment of like obligations or losses denominated in the former money.
(b) If due to delay in payment, the amount of a judgment does not yield the required amount of the creditor's money, the obligation to pay an additional sum will support another action for the amount remaining unpaid, and that obligation is not merged in the judgment.
(P.A. 89-134, S. 12.)
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.