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§658B-8 - Conversions of foreign money in a distribution proceeding.

     [§658B-8]  Conversions of foreign money in a distribution proceeding.  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. [L 1990, c 50, pt of §1]

 

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