Idaho § 10-1508 CONVERSIONS OF FOREIGN MONEY IN DISTRIBUTION PROCEEDING

Idaho Statutes

§ 10-1508 — CONVERSIONS OF FOREIGN MONEY IN DISTRIBUTION PROCEEDING

Idaho·Title 10 ISSUES, TRIAL AND JUDGMENT IN CIVIL ACTIONS·Ch. 15 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.

Idaho § 10-1508 (CONVERSIONS OF FOREIGN MONEY IN DISTRIBUTION PROCEEDING) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.