North Carolina § 1C-1827 Conversions of foreign money in distribution proceedings

North Carolina Statutes

§ 1C-1827 — Conversions of foreign money in distribution proceedings

North Carolina § 1C-1827

Ch. 1CEnforcement of Judgments

Art. 19The North Carolina Foreign-Money Claims Act

This text of North Carolina § 1C-1827 (Conversions of foreign money in distribution proceedings) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 1C-1827 (2026).

Text

The rate of exchange prevailing at or near the close of business on the day the distribution proceeding is initiated shall govern 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. (1995, c. 213, s. 1.)

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The rate of exchange prevailing at or near the close of business on the day the distribution proceeding is initiated shall govern 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. (1995, c. 213, s. 1.)