Va. Code § 8.01-465.21: Conversions of foreign money in distribution proceeding
Where this section sits in the code
- Title 8.01. Civil Remedies and Procedure
- Chapter 17.3. UNIFORM FOREIGN-MONEY CLAIMS ACT
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.1991, c. 24.
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