District of Columbia § 15-907 Conversions of foreign money in distribution proceeding.

District of Columbia Statutes

§ 15-907 — Conversions of foreign money in distribution proceeding.

District of Columbia·Title 15 Judgments and Executions; Fees and Costs. [Enacted title]·Ch. 9 Uniform Foreign-Money Claims.

The rate of exchange prevailing at or near the close of business on the day the distribution proceeding is initiated governs all exchanges of foreign money in a distribution proceeding. A foreign-money claimant in a distribution proceeding shall assert its claim in the named foreign money and show the amount of United States dollars resulting from a conversion as of the date the proceeding was initiated.

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The rate of exchange prevailing at or near the close of business on the day the distribution proceeding is initiated governs all exchanges of foreign money in a distribution proceeding. A foreign-money claimant in a distribution proceeding shall assert its claim in the named foreign money and show the amount of United States dollars resulting from a conversion as of the date the proceeding was initiated.

District of Columbia § 15-907 (Conversions of foreign money in distribution proceeding.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.