Connecticut Statutes
§ 50a-63 — Effect of certain agreements.
(a)A monetary claim is neither usurious nor unconscionable because the agreement on which it is based provides that the amount of the debtor's obligation to be paid in the debtor's money shall, when received by the creditor, equal a specified amount of the foreign money of the country of the creditor.
(b)If due to delay in payment, the amount of a judgment does not yield the required amount of the creditor's money, the obligation to pay an additional sum will support another action for the amount remaining unpaid, and that obligation is not merged in the judgment.
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Connecticut § 50a-63 (Effect of certain agreements.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(P.A. 89-134, S. 13.)
Nearby Sections
15
§ 50a-101
Scope of application.§ 50a-103
Receipt of written communications.§ 50a-104
Waiver of right to object.§ 50a-105
Extent of court intervention.§ 50a-110
Number of arbitrators.§ 50a-111
Appointment of arbitrators.§ 50a-112
Grounds for challenge.§ 50a-113
Challenge procedure.