§658B-12 Effect of currency revalorizations. (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, the obligation or the loss is 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 substitution under subsection (a) occurs after a judgment or award is entered on a foreign-money claim, the court or arbitrator, as the case may be, shall have jurisdiction to, and shall, amend the judgment or award by a like conversion of the former money. [L 1990, c 50, pt of §1]
Structure Hawaii Revised Statutes
Title 36. Civil Remedies and Defenses and Special Proceedings
658B. Uniform Foreign-Money Claims Act
658B-3 Variation by agreement.
658B-4 Determining the money of the claim.
658B-5 Determining the amount of the money of certain contract claims.
658B-6 Asserting and defending a foreign-money claim.
658B-7 Judgments and awards on foreign-money claims; times of money conversion; form of judgment.
658B-8 Conversions of foreign money in a distribution proceeding.
658B-9 Prejudgment and judgment interest.
658B-10 Enforcement of foreign judgments.
658B-12 Effect of currency revalorizations.