1C-1827. Conversions of foreign money in distribution proceedings.
The rate of exchange prevailing at or near the close of business on the day the distribution proceeding is initiated shall govern 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. (1995, c. 213, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 1C - Enforcement of Judgments
Article 19 - The North Carolina Foreign-Money Claims Act.
§ 1C-1822 - Variation by agreement.
§ 1C-1823 - Determining proper money of the claim.
§ 1C-1824 - Determining amount of the money of certain contract claims.
§ 1C-1825 - Asserting and defending foreign-money claims.
§ 1C-1827 - Conversions of foreign money in distribution proceedings.
§ 1C-1828 - Prejudgment and judgment interest.
§ 1C-1829 - Enforcement of foreign judgments.
§ 1C-1830 - Determining United States dollar value of assets to be seized or restrained.
§ 1C-1831 - Effect of currency revalorization.
§ 1C-1832 - Supplementary general principles of law.