Idaho Code § 10-1508

Current through the 2024 Regular Session
Section 10-1508 - 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.

Idaho Code § 10-1508

[10-1508, added 2001, ch. 329, sec. 1, p. 1158.]