{"data":{"id":"us-ct/conn.-gen.-stat.-50a-55","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 50a-55","heading":"Determination of amount of payment of certain contract claims.","body":"(a) If an amount contracted to be paid in a foreign money is measured by a specified amount of a different money, unless otherwise agreed, the amount to be paid shall be determined on the appropriate conversion date.\n(b) If an amount contracted to be paid in a foreign money is to be measured by conversion from a different money at the exchange rate prevailing on a date prior to default, unless a longer time is agreed, that exchange rate applies only for payments made in a reasonable time after default, not to exceed thirty days. Conversion thereafter will be made at the bank-offered spot rate on the conversion date.","path":["TITLE 50a. INTERNATIONAL LAW","CHAPTER 861a. UNIFORM FOREIGN-MONEY CLAIMS ACT"],"source_url":"https://www.cga.ct.gov/current/pub/chap_861a.htm#sec_50a-55","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:17Z","sha256":"ee1365d92cb40c2b8f783e5eeaf76712f4ad9d3a5c952ca735710cbf2f72d7cd","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-50a-54","next":"us-ct/conn.-gen.-stat.-50a-56"},"notice":"GroundRules: Original legal text. Not legal advice."}