Delaware § 5208 Conversions of foreign money in distribution proceeding

Delaware Statutes

§ 5208 — Conversions of foreign money in distribution proceeding

Delaware·Title 10·Part Procedure·Ch. 52 DELAWARE UNIFORM FOREIGN-MONEY CLAIMS ACT

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.

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