New Mexico § 39-4C-9 Conversions of foreign money in distribution proceeding

New Mexico Statutes

§ 39-4C-9 — Conversions of foreign money in distribution proceeding

New Mexico § 39-4C-9

Ch. 39Judgments, Costs, Appeals

Art. 4CForeign-Money Claims

This text of New Mexico § 39-4C-9 (Conversions of foreign money in distribution proceeding) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 39-4C-9 (2026).

Text

The rate of exchange prevailing at or near the close of business on the day the distribution proceeding is initiated governs 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.

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The rate of exchange prevailing at or near the close of business on the day the distribution proceeding is initiated governs 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.