Statutes > Idaho Statutes > TITLE 10 ISSUES, TRIAL AND JUDGMENT IN CIVIL ACTIONS > CHAPTER 15 UNIFORM FOREIGN-MONEY CLAIMS ACT > 10-1508 CONVERSIONS OF FOREIGN MONEY IN DISTRIBUTION PROCEEDING.

10-1508 CONVERSIONS OF FOREIGN MONEY IN DISTRIBUTION PROCEEDING.

TITLE 10

ISSUES, TRIAL AND JUDGMENT IN CIVIL ACTIONS

CHAPTER 15

UNIFORM FOREIGN-MONEY CLAIMS ACT

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.