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2019 Connecticut General Statutes
Title 50a - International Law
Chapter 861a - Uniform Foreign-Money Claims Act
Section 50a-54 - Determination of proper money of claim.
Universal Citation: CT Gen Stat § 50a-54 (2019)
(a) Except as provided in subsection (b) of this section, proper money of the claim is, as the case may be, 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 a party.
(b) The money in which the parties have contracted that a payment be made is the proper money of the claim for that payment.
(P.A. 89-134, S. 4; P.A. 07-217, S. 183.)
History: P.A. 07-217 made technical changes in Subsec. (a), effective July 12, 2007.
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