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§ 13-62-1-108 — Colorado Law | CourtGPT
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  6. Article 62.1 - Uniform Foreign-money Claims Act/
  7. § 13-62-1-108
Colorado Legal Code

§ 13-62-1-108

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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.L. 90: Entire article added, p. 880, § 1, effective 1/1/1991.