Illinois Statutes
§ 12-638 — Conversions of foreign money in distribution proceeding
Illinois·Topic RIGHTS AND REMEDIES·Ch. 735 CIVIL PROCEDURE·Act 735 ILCS 5/ Code of Civil Procedure.·Art. Article XII - Judgments - Enforcement
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 the United States dollars resulting from a conversion as of the date the proceeding was initiated.
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Illinois § 12-638 (Conversions of foreign money in distribution proceeding) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 86-1291.)
Nearby Sections
15
§ 12-1001
Personal property exempt§ 12-1001.1
Automatic exemption§ 12-1002
Schedule of property§ 12-1003
When family entitled to exemptions§ 12-1004
Judgment for wages§ 12-1006
Exemption for retirement plans§ 12-101
Lien of judgment§ 12-102
Judgment against partnership§ 12-103
Representative capacity§ 12-104
Time of restraint deducted§ 12-105
Definition of "real estate"§ 12-106
Enforcement in other counties§ 12-107
Incarceration of judgment debtor§ 12-107.5
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