Colorado § 13-62.1-104 Determining money of the claim

Colorado Statutes

§ 13-62.1-104 — Determining money of the claim

Colorado § 13-62.1-104

Title 13Courts

Art.Uniform Foreign-Money Claims Act

This text of Colorado § 13-62.1-104 (Determining money of the claim) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 13-62.1-104 (2026).

Text

(1)The money in which the parties to a transaction have agreed that payment is to be made is the proper money of the claim for payment.

(2)If the parties to a transaction have not otherwise agreed, the proper money of the claim, as in each case may be appropriate, is the money:

(a)Regularly used between the parties as a matter of usage or course of dealing;

(b)Used at the time of a transaction in international trade, by trade usage or common practice, for valuing or settling transactions in the particular commodity or service involved; or

(c)In which the loss was ultimately felt or will be incurred by the party claimant.

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(1) The money in which the
parties to a transaction have agreed that payment is to be made is the proper
money of the claim for payment.

(2) If the parties to a transaction have not otherwise agreed, the proper
money of the claim, as in each case may be appropriate, is the money:

(a) Regularly used between the parties as a matter of usage or course of
dealing;

(b) Used at the time of a transaction in international trade, by trade usage or
common practice, for valuing or settling transactions in the particular commodity or
service involved; or

(c) In which the loss was ultimately felt or will be incurred by the party
claimant.