Montana Statutes
§ 30-3-107 — Instrument Payable In Foreign Money
Montana·Title 30 TRADE AND COMMERCE·Ch. 3 UNIFORM COMMERCIAL CODE NEGOTIABLE INSTRUMENTS·Part 1 Short Title, Form, and Interpretation
30-3-107 . Instrument payable in foreign money. Unless the instrument otherwise provides, an instrument that states the amount payable in foreign money may be paid in the foreign money or in an equivalent amount in dollars calculated by using the current bank-offered spot rate at the place of payment for the purchase of dollars on the day on which the instrument is paid.
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Legislative History
En. Sec. 3-107, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-107; amd. Sec. 93, Ch. 410, L. 1991.
Nearby Sections
15
§ 30-3-101
Short Title§ 30-3-102
Definitions§ 30-3-103
Repealed§ 30-3-104
Negotiable Instrument§ 30-3-105
Unconditional Promise Or Order§ 30-3-106
Repealed§ 30-3-107
Instrument Payable In Foreign Money§ 30-3-108
Payable On Demand§ 30-3-109
Definite Time§ 30-3-110
Repealed§ 30-3-111
Payable To Bearer Or To Order§ 30-3-112
Repealed§ 30-3-113
Repealed§ 30-3-114
Date Of Instrument§ 30-3-115
Incomplete Instrument