Conversions of foreign money in distribution proceeding.

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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.

History of Section.
P.L. 2009, ch. 248, § 1; P.L. 2009, ch. 266, § 1.


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