Statutes, codes, and regulations
District of Columbia Official Code
Division II - JUDICIARY AND JUDICIAL PROCEDURETitle 15 - JUDGMENTS AND EXECUTIONS; FEES AND COSTS
Chapter 9 - UNIFORM FOREIGN-MONEY CLAIMS
Section 15-907 - Conversions of foreign money in distribution proceeding

D.C. Code § 15-907

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Current through codified legislation effective July 19, 2024
Section 15-907 - Conversions of foreign money in distribution proceeding

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.

D.C. Code § 15-907

Feb. 10, 1996, D.C. Law 11-85, § 2, 42 DCR 6791.

Uniform Law: This section is based upon § 8 of the Uniform Foreign-Money Claims Act.