10-1508. CONVERSIONS OF FOREIGN MONEY IN DISTRIBUTION PROCEEDING. 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.
History:
[10-1508, added 2001, ch. 329, sec. 1, p. 1158.]
Structure Idaho Code
Title 10 - ISSUES, TRIAL AND JUDGMENT IN CIVIL ACTIONS
Chapter 15 - UNIFORM FOREIGN-MONEY CLAIMS ACT
Section 10-1501 - DEFINITIONS.
Section 10-1503 - VARIATION BY AGREEMENT.
Section 10-1504 - DETERMINING MONEY OF THE CLAIM.
Section 10-1505 - DETERMINING AMOUNT OF THE MONEY OF CERTAIN CONTRACT CLAIMS.
Section 10-1506 - ASSERTING AND DEFENDING FOREIGN-MONEY CLAIM.
Section 10-1508 - CONVERSIONS OF FOREIGN MONEY IN DISTRIBUTION PROCEEDING.
Section 10-1509 - PREJUDGMENT AND JUDGMENT INTEREST.
Section 10-1510 - ENFORCEMENT OF FOREIGN JUDGMENTS.
Section 10-1512 - EFFECT OF CURRENT REVALORIZATION.
Section 10-1513 - SUPPLEMENTARY GENERAL PRINCIPLES OF LAW.
Section 10-1514 - UNIFORMITY OF APPLICATION AND CONSTRUCTION.
Section 10-1515 - SHORT TITLE.