(a) If an amount contracted to be paid in a foreign money is measured by a specified amount of a different money, the amount to be paid is determined on the conversion date.
(b) If an amount contracted to be paid in a foreign money is to be measured by a different money at the rate of exchange prevailing on a date before default, that rate of exchange applies only to payments made within a reasonable time after default, not exceeding 30 days. Thereafter, conversion is made at the bank-offered spot rate on the conversion date.
(c) A monetary claim is neither usurious nor unconscionable because the agreement on which it is based provides that the amount of the debtor's obligation to be paid in the debtor's money, when received by the creditor, must equal a specified amount of the foreign money of the country of the creditor. If, because of unexcused delay in payment of a judgment or award, the amount received by the creditor does not equal the amount of the foreign money specified in the agreement, the court or arbitrator shall amend the judgment or award accordingly.
1991 c 156 s 5
Structure Minnesota Statutes
Chapters 540 - 552 — Civil Procedure
Section 548.04 — Judgment In Replevin.
Section 548.05 — Treble Damages For Trespass.
Section 548.06 — Damages For Libel.
Section 548.07 — Judgment After Death Of Party.
Section 548.08 — Judgment Roll, How Made Up.
Section 548.09 — Lien Of Judgment.
Section 548.091 — Support, Maintenance, Or County Reimbursement Judgments.
Section 548.10 — New County; Docketing Old Judgments; Real Estate Tax Judgments.
Section 548.101 — Assigned Consumer Debt Default Judgments.
Section 548.11 — Federal Court Judgment; Docketing.
Section 548.12 — Lien Discharged By Deposit Of Money, When.
Section 548.13 — Assignment Of Judgment; Mode And Effect.
Section 548.14 — Judgments, Procured By Fraud, Set Aside By Action.
Section 548.15 — Discharge Of Record.
Section 548.16 — Satisfaction And Assignment By State.
Section 548.17 — Payment And Satisfaction By Court Administrator.
Section 548.181 — Discharge Of Judgments Against Bankruptcy Debtors.
Section 548.19 — Joint Debtors; Contribution And Subrogation.
Section 548.20 — Several Judgments Against Joint Debtors.
Section 548.21 — Discharge Of Joint Debtor.
Section 548.22 — Confession Of Judgment.
Section 548.23 — Plea Of Confession.
Section 548.24 — Submission Without Action.
Section 548.25 — Vacating Real Estate Judgment; Within What Time.
Section 548.251 — Collateral Source Calculations.
Section 548.27 — Filing And Status Of Foreign Judgments.
Section 548.28 — Notice Of Filing.
Section 548.31 — Optional Procedure.
Section 548.32 — Uniformity Of Application And Construction.
Section 548.42 — Variation By Agreement.
Section 548.43 — Determining Money Of The Claim.
Section 548.44 — Determining Amount Of The Money Of Certain Contract Claims.
Section 548.45 — Asserting And Defending Foreign-money Claim.
Section 548.47 — Conversions Of Foreign Money In Distribution Proceeding.
Section 548.48 — Prejudgment And Judgment Interest.
Section 548.49 — Enforcement Of Foreign Judgments.
Section 548.51 — Effect Of Currency Revalorization.
Section 548.52 — Supplementary General Principles Of Law.
Section 548.56 — Applicability.
Section 548.57 — Standards For Recognition Of Foreign-country Judgment.
Section 548.58 — Personal Jurisdiction.
Section 548.59 — Procedure For Recognition Of Foreign-country Judgment.
Section 548.60 — Effect Of Recognition Of Foreign-country Judgment.
Section 548.61 — Stay Of Proceedings Pending Appeal Of Foreign-country Judgment.
Section 548.62 — Statute Of Limitations.
Section 548.63 — Saving Clause.
Section 548.66 — Applicability.
Section 548.67 — Registration Of Canadian Judgment.
Section 548.68 — Effect Of Registration.
Section 548.69 — Notice Of Registration.
Section 548.70 — Petition To Vacate Registration.
Section 548.71 — Stay Of Enforcement Of Judgment Pending Determination Of Petition.
Section 548.72 — Relationship To Uniform Foreign-country Money Judgments Recognition Act.
Section 548.73 — Uniformity Of Application And Interpretation.