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.
Minn. Stat. § 548.47
CONVERSIONS OF FOREIGN MONEY IN DISTRIBUTION PROCEEDING.
Known as the Uniform Enforcement of Foreign Judgments Act
The act spans §§ 548–548 (69 sections).
1991 c 156 s 8
Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.