Colorado § 13-62.1-112 Effect of currency revalorization

Colorado Statutes

§ 13-62.1-112 — Effect of currency revalorization

Colorado § 13-62.1-112

Title 13Courts

Art.Uniform Foreign-Money Claims Act

This text of Colorado § 13-62.1-112 (Effect of currency revalorization) 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. § 13-62.1-112 (2026).

Text

(1)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.

(2)If substitution under subsection (1) 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.

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(1) 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.

(2) If substitution under subsection (1) 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.