§ 32-41-11 — Determining United States dollar value of foreign-money claims for limited purposes

North Dakota § 32-41-11

• Jurisdiction: North Dakota
• Title 32: Judicial Remedies
• Ch. 32-41: Uniform Foreign-Money Claims Act

Text

purposes.
1. Computations under this section are for the limited purposes of the section and do not
affect computation of the United States dollar equivalent of the money of the judgment
for the purpose of payment.
2. For the limited purpose of facilitating the enforcement of provisional remedies in an
action, the value in United States dollars of assets to be seized or restrained pursuant

to a writ of attachment, garnishment, execution, or other legal process, the amount of
United States dollars at issue for assessing costs, or the amount of United States
dollars involved for a surety bond or other court-required undertaking, must be
ascertained as provided in subsections 3 and 4.
3. A party seeking process, costs, bond, or other undertaking under subsection 2 shall
compute in United States dollars the amount of the foreign money claimed from a
bank-offered spot rate prevailing at or near the close of business on the banking day
before the filing of a request or application for the issuance of process or for the
determination of costs, or an application for a bond or other court-required
undertaking.
4. A party seeking the process, costs, bond, or other undertaking under subsection 2
shall file with each request or application an affidavit or certificate executed in good
faith by its counsel or a bank officer, stating the market quotation used and how it was
obtained, and setting forth the calculation. Affected court officials incur no liability, after
a filing of the affidavit or certificate, for acting as if the judgment were in the amount of
United States dollars stated in the affidavit or certificate.