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.
Ohio Rev. Code Ann. § 2337.08
Conversions of foreign money in distribution proceeding
Known as the Uniform Foreign-Money Claims Act
The act spans §§ 2337–2337 (15 sections).
Effective: July 20, 1994; Latest Legislation: House Bill 292 - 120th General Assembly
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.