Sections
17 entriesSection 676Establishes the official short title “Uniform Foreign-Money Claims Act” for this title. The provision authorizes the title to be known and cited…Section 676.1Defines key terms for foreign-money claims, including action, conversion date, distribution proceeding, foreign money, foreign-money claim, money of the claim, exchange rate,…Section 676.2Limits the title exclusively to a foreign-money claim in an action or distribution proceeding. It applies to foreign-money issues in those proceedings…Section 676.3Allows parties to vary the title’s effect by agreement made before or after an action or distribution proceeding begins or judgment is…Section 676.4Sets the proper money for a payment claim as the money the parties agreed to use. Without an agreement, the proper money…Section 676.5Sets conversion of a foreign-money amount measured by different money at the conversion date, while a pre-default exchange rate applies only to…Section 676.6Allows a claimant to assert a claim in specified foreign money, with an unasserted foreign-money claim treated as a United States dollar…Section 676.7Requires a foreign-money judgment or award to be stated in the claim's money, while assessed costs are in U.S. dollars. The debtor…Section 676.8Sets the exchange rate for a distribution proceeding at the rate prevailing at or near the close of business on the day…Section 676.9Sets prejudgment or pre-award interest on a foreign-money claim, including the rate, under the substantive law governing recovery through California conflict-of-laws rules,…Section 676.10Requires an enforceable judgment from another jurisdiction expressed in foreign money to be entered under the California foreign-money rule despite any option…Section 676.11Sets United States dollar calculations for specified provisional remedies, costs, and undertakings using the bank-offered spot rate near the prior banking day’s…Section 676.12Requires an obligation or loss expressed in a foreign money that is replaced by a new national money to be treated as…Section 676.13Establishes that general principles of law and equity supplement the title unless a specific provision displaces them, expressly including law merchant and…Section 676.14Requires the title to be applied and construed to carry out its stated general purpose of making the law on its subject…Section 676.15Establishes severability for the title: if a provision or its application to a person or circumstance is held invalid, other provisions and…Section 676.16Sets January 1, 1992, as the commencement-date threshold for application of the title. The title governs actions and distribution proceedings begun on…