25-9-713. Effect of currency revalorization. (1) 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.
(2) If substitution under subsection (1) occurs after a judgment or award is entered on a foreign-money claim, the court or arbitrator shall amend the judgment or award by a like conversion of the former money.
History: En. Sec. 13, 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