Conversions of foreign money in distribution proceeding

1. Law
2. District of Columbia Code
3. Judgments and Executions; Fees and Costs. [Enacted title]
4. Uniform Foreign-Money Claims
5. 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.

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

Prior Codifications

1981 Ed., § 15-907.

Section References

This section is referenced in § 15-909.

Editor's Notes

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

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