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N.C. Gen. Stat. § 1C-1825

Asserting and defending foreign-money claims

Known as the North Carolina Foreign-Money Claims Act

The act spans §§ 1C-1820 to 1C-1849 (30 sections).

1995, c. 213, s. 1.

(a) A person may assert a claim in a specified foreign money. If a foreign-money claim is not asserted, the claimant shall make the claim in United States dollars.

(b) An opposing party may allege and prove that a claim, in whole or in part, is in a different money than that asserted by the claimant.

(c) A person may assert a defense, setoff, recoupment, or counterclaim in any money without regard to the money of other claims.

(d) The determination of the proper money of the claim pursuant to G.S. 1C-1823 is a question of law.

Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.