BlackletterCalifornia law

Code of Civil Procedure § 676.8

TITLE 8.5. UNIFORM FOREIGN-MONEY CLAIMS ACT

Current as of September 28, 2026Code Civ. Proc., § 676.8Official source ↗

Added by Stats. 1991, Ch. 932, Sec. 1.

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.