§ 41-03-07 — (3-107) Instrument payable in foreign money

North Dakota § 41-03-07

• Jurisdiction: North Dakota
• Title 41: Uniform Commercial Code
• Ch. 41-03: Negotiable Instruments

Text

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.