§ 9-32.1-12. Determining United States dollar value of foreign money claims for limited purposes.
(a) 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.
(b) 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
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§ 9-32.1-12. Determining United States dollar value of foreign money claims for limited purposes.
(a) 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.
(b) 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 (c) and (d).
(c) A party seeking process, costs, bond, or other undertaking under subsection (b) 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 next preceding
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.
(d) A party seeking the process, costs, bond, or other undertaking under subsection (b)
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.