| Conversions of Foreign Money in Distribution Proceeding.

Checkout our iOS App for a better way to browser and research.

Effective: July 20, 1994

Latest Legislation: House Bill 292 - 120th General Assembly

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.


Download our app to see the most-to-date content.