§ 24.295 — Conversions of foreign money in distribution proceeding

Oregon § 24.295

• Jurisdiction: Oregon
• Vol.: 1
• Title 2: Procedure in Civil Proceedings
• Ch. 24: Enforcement and Recognition of Foreign Judgments; Foreign-Money Claims

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.

Legislative History

1991 c.202 §9