TITLE 8.5. UNIFORM FOREIGN-MONEY CLAIMS ACT [676. - 676.16.]
Title 8.5 added by Stats. 1991, Ch. 932, Sec. 1.
§§ 676–676.16 · 17 sections
- § 676 This title shall be known and may be cited as the Uniform Foreign-Money Claims Act.
- § 676.1 As used in this title: (1) “Action” means a judicial proceeding or arbitration in which a payment in money may be awarded or enforced with respect to a…
- § 676.2 (a) This title applies only to a foreign-money claim in an action or distribution proceeding. (b) This title applies to foreign-money issues even if other law…
- § 676.3 (a) The effect of this title may be varied by agreement of the parties made before or after commencement of an action or distribution proceeding or the entry…
- § 676.4 (a) The money in which the parties to a transaction have agreed that payment is to be made is the proper money of the claim for payment. (b) If the parties to…
- § 676.5 (a) If an amount contracted to be paid in a foreign money is measured by a specified amount of a different money, the amount to be paid is determined on the…
- § 676.6 (a) A person may assert a claim in a specified foreign money. If a foreign-money claim is not asserted, the claimant makes the claim in United States dollars.…
- § 676.7 (a) Except as provided in subdivision (c), a judgment or award on a foreign-money claim shall be stated in an amount of the money of the claim. (b) A judgment…
- § 676.8 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…
- § 676.9 (a) With respect to a foreign-money claim, recovery of prejudgment or pre-award interest and the rate of interest to be applied in the action or distribution…
- § 676.10 (a) If an action is brought to enforce a judgment of another jurisdiction expressed in a foreign money and the judgment is recognized in this state as…
- § 676.11 (a) Computations under this section are for the limited purposes of the section and do not affect computation of the United States dollar equivalent of the…
- § 676.12 (a) If, after an obligation is expressed or a loss is incurred in a foreign money, the country issuing or adopting that money substitutes a new money in place…
- § 676.13 Unless displaced by particular provisions of this title, the principles of law and equity, including the law merchant, and the law relative to capacity to…
- § 676.14 This title shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this title among states…
- § 676.15 If any provision of this title or its application to any person or circumstance is held invalid, that invalidity does not affect other provisions or…
- § 676.16 This title applies to actions and distribution proceedings commenced on or after January 1, 1992.