N.C. Gen. Stat. § 1C-1827

Current through Session Law 2024-56
Section 1C-1827 - Conversions of foreign money in distribution proceedings

The rate of exchange prevailing at or near the close of business on the day the distribution proceeding is initiated shall govern 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.

N.C. Gen. Stat. § 1C-1827

1995, c. 213, s. 1.