Utah Code § 78B-5-409

Current through the 2024 Fourth Special Session
Section 78B-5-409 - Conversions of foreign money in a distribution proceeding

The rate of exchange prevailing at or near the closing of business on the day the proceeding is initiated shall govern all exchanges of foreign money in a distribution proceeding. A foreign-money claimant in a distribution proceeding must 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.

Utah Code § 78B-5-409

Renumbered and Amended by Chapter 3, 2008 General Session .