§ 1538. Conversions of foreign money in a distribution proceeding

The rate of exchange prevailing at or near the closing of business on the day the proceeding is initiated shall govern all exchanges of foreign-money in a distribution proceeding. A foreign-money claimant in a distribution proceeding must 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.

—Added June 2, 1992, No. 5785, § 1, Sess. L. 1992, p. 65.