Courts and Civil Procedure–Procedure Generally

CHAPTER 9-32.1
Uniform Foreign Money Claims Act

SECTION 9-32.1-5

§ 9-32.1-5 Determining money of the claim.

(a) The money in which the parties to a transaction have agreed that payment is to be made is the proper money of the claim for payment.

(b) If the parties to a transaction have not otherwise agreed, the proper money of the claim, as in each case may be appropriate, is the money:

(1) Regularly used between the parties as a matter of usage or course of dealing;

(2) Used at the time of a transaction in international trade, by trade usage or common practice, for valuing or settling transactions in the particular commodity or service involved; or

(3) In which the loss was ultimately felt or will be incurred by the party claimant.

History of Section.
(P.L. 2009, ch. 248, § 1; P.L. 2009, ch. 266, § 1.)