Utah § 78B-5-409 Conversions of foreign money in a distribution proceeding.

Utah Statutes

§ 78B-5-409 — Conversions of foreign money in a distribution proceeding.

Utah § 78B-5-409

Title 78BJudicial Code

Ch. 78B-5Trial, Judgment, and Appeal

Part 78B-5-4Uniform Foreign-Money Claims Act

This text of Utah § 78B-5-409 (Conversions of foreign money in a distribution proceeding.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 78B-5-409 (2026).

Text

The rate of exchange prevailing at or near the closing of business on the day the proceeding is initiated shall govern all exchanges of foreign money in a distribution proceeding.  A foreign-money claimant in a distribution proceeding must 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 closing of business on the day the proceeding is initiated shall govern all exchanges of foreign money in a distribution proceeding. A foreign-money claimant in a distribution proceeding must 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.