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Ohio Rev. Code Ann. § 1303.06

Instrument payable in foreign money - UCC 3-107

Effective: August 19, 1994; Latest Legislation: Senate Bill 147 - 120th General Assembly

Unless the instrument otherwise provides, an instrument that states the amount payable in foreign money may be paid in the foreign money or in an equivalent amount in dollars calculated by using the current bank-offered spot rate at the place of payment for the purchase of dollars on the day on which the instrument is paid.

Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.