California Codes, Code of Civil Procedure - CCP, Part 2 — Of Civil Actions, Title 8.5 — Uniform Foreign-money Claims Act, Section 676.8

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.

Notes

Sets the exchange rate for a distribution proceeding at the rate prevailing at or near the close of business on the day the proceeding begins. A foreign-money claimant must state the claim in the named foreign money and also show the U.S.-dollar amount produced by conversion as of that initiation date.

Use as reference

Lexinter.net | California Code, Code of Civil Procedure - CCP § 676.8 | https://laws.lexinter.net/codes/california/code-of-civil-procedure/part-2/title-8-5/section-676-8

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