North Dakota Statutes

§ 32-41-04 — Determining money of the claim

North Dakota·Title 32 Judicial Remedies·Ch. 32-41 Uniform Foreign-Money Claims Act
9."Rate of exchange" means the rate at which money of one country may be converted into money of another country in a free financial market convenient to or reasonably usable by a person obligated to pay or to state a rate of conversion. If separate rates of exchange apply to different kinds of transactions, the term means the rate applicable to the particular transaction giving rise to the foreign-money claim.
10."Spot rate" means the rate of exchange at which foreign money is sold by a bank or other dealer in foreign exchange for immediate or next day availability or for settlement by immediate payment in cash or equivalent, by charge to an account, or by an agreed delayed settlement not exceeding two days.
11."State" means a state of the United States, the District of Columbia, the C

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