Virginia § 8.01-465.21 Conversions of foreign money in distribution proceeding

Virginia Statutes

§ 8.01-465.21 — Conversions of foreign money in distribution proceeding

Virginia § 8.01-465.21

Title 8.01Civil Remedies and Procedure

Ch. 17.3UNIFORM FOREIGN-MONEY CLAIMS ACT

This text of Virginia § 8.01-465.21 (Conversions of foreign money in distribution proceeding) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 8.01-465.21 (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.