25-9-709. 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: En. Sec. 9, Ch. 152, L. 1993.
Structure Montana Code Annotated
Part 7. Uniform Foreign-Money Claims Act
25-9-704. Variation by agreement
25-9-705. Determining money of claim
25-9-706. Determining amount of money of certain contract claims
25-9-707. Asserting and defending foreign-money claim
25-9-709. Conversions of foreign money in distribution proceeding
25-9-710. Prejudgment and judgment interest
25-9-711. Enforcement of foreign judgments
25-9-712. Determining United States dollar value of foreign-money claims for limited purposes
25-9-713. Effect of currency revalorization