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
Conversions of foreign money in distribution proceeding
Known as the Uniform Foreign-Money Claims Act
The act spans §§ 10–10 (17 sections).
I.C., § 10-1508, as added by 2001, ch. 329, § 1, p. 1155.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.