§ 3107. Instrument payable in foreign money. Unless the instrument otherwise provides, an instrument that states the amount payable in foreign money may be paid in the foreign money or in an equivalent amount in dollars calculated by using the current bank-offered spot rate at the place of payment for the purchase of dollars on the day on which the instrument is paid.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 31 - General Provisions and Definitions
Section 3101 - Short title of division
Section 3103 - Definitions and index of definitions
Section 3104 - Negotiable instrument
Section 3105 - Issue of instrument
Section 3106 - Unconditional promise or order
Section 3107 - Instrument payable in foreign money
Section 3108 - Payable on demand or at definite time
Section 3109 - Payable to bearer or to order
Section 3110 - Identification of person to whom instrument is payable
Section 3111 - Place of payment
Section 3113 - Date of instrument
Section 3114 - Contradictory terms of instrument
Section 3115 - Incomplete instrument
Section 3116 - Joint and several liability; contribution
Section 3117 - Other agreements affecting instrument