Effective: July 20, 1994
Latest Legislation: House Bill 292 - 120th General Assembly
(A) 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.
(B) If substitution under division (A) of this section 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.
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.