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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Business & Commerce Code § 3.107: INSTRUMENT PAYABLE IN FOREIGN MONEY.

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Where this section sits in the code
  1. BUSINESS AND COMMERCE CODE
  2. TITLE 1. UNIFORM COMMERCIAL CODE
  3. CHAPTER 3. NEGOTIABLE INSTRUMENTS
  4. SUBCHAPTER A. GENERAL PROVISIONS AND DEFINITIONS

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.

Amended by Acts 1995, 74th Leg., ch. 921, Sec. 1, eff. Jan. 1, 1996.

Collected 2026-08-27T01:46:56Z. Source file · JSON

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