Connecticut § 50a-54 Determination of proper money of claim.

Connecticut Statutes

§ 50a-54 — Determination of proper money of claim.

Connecticut § 50a-54

Title 50aInternational Law

Ch. 861aUniform Foreign-Money Claims Act

This text of Connecticut § 50a-54 (Determination of proper money of claim.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 50a-54 (2026).

Text

(a)Except as provided in subsection (b) of this section, proper money of the claim is, as the case may be, the money:

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

(2)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 (3) in which the loss was ultimately felt or will be incurred by a party.

(b)The money in which the parties have contracted that a payment be made is the proper money of the claim for that payment.

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(a) Except as provided in subsection (b) of this section, proper money of the claim is, as the case may be, the money: (1) Regularly used between the parties as a matter of usage or course of dealing; (2) 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 (3) in which the loss was ultimately felt or will be incurred by a party. (b) The money in which the parties have contracted that a payment be made is the proper money of the claim for that payment.