Effective: July 20, 1994
Latest Legislation: House Bill 292 - 120th General Assembly
(A) With respect to a foreign-money claim, recovery of prejudgment or preaward interest and the rate of interest to be applied in the action or distribution proceeding, except as provided in division (B) of this section, are matters of the substantive law governing the right to recovery under the conflict-of-laws rules of this state.
(B) The court or arbitrator shall increase or decrease the amount of prejudgment or preaward interest otherwise payable in a judgment or award in foreign money to the extent required by the law of this state governing a failure to make or accept an offer of settlement or offer of judgment, or conduct by a party or its attorney causing undue delay or expense.
(C) A judgment or award on a foreign-money claim bears interest at the rate applicable to judgments of this state.
Structure Ohio Revised Code
Title 23 | Courts-Common Pleas
Chapter 2337 | Uniform Foreign-Money Claims Act
Section 2337.01 | Uniform Foreign-Money Claims Act Definitions.
Section 2337.02 | When Provisions Apply.
Section 2337.03 | Variation by Agreement.
Section 2337.04 | Determining Money of Claim.
Section 2337.05 | Determining Amount of Money of Certain Contract Claims.
Section 2337.06 | Asserting and Defending Foreign Money Claim.
Section 2337.08 | Conversions of Foreign Money in Distribution Proceeding.
Section 2337.09 | Pre-Judgment and Judgment Interest.
Section 2337.10 | Enforcement of Foreign Judgments.
Section 2337.12 | Effect of Currency Revalorization.
Section 2337.13 | Supplementary General Principles of Law.
Section 2337.14 | Uniformity of Application and Construction.