N.J.S.A. 2A:49A-9

Governing rate of exchange

2A:49A-9. Governing rate of exchange 9. 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. L.1993,c.317,s.9.

External source: View on Justia →

This is the verbatim text of N.J.S.A. 2A:49A-9, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 2A:49A-9 — Governing rate of exchange | Kyzer