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the Maine Revised Statutes
2011 Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 3-A: NEGOTIABLE INSTRUMENTS
11 §3-1107. Instrument payable in foreign money
Universal Citation:
11 ME Rev Stat § 3-1107 (2011 through 125th Legis)
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Part 1: GENERAL PROVISIONS AND DEFINITIONS
§3-1107. Instrument payable in foreign money
Unless the instrument otherwise provides, an instrument that states the amount payable in foreign money may be paid in the foreign money or in an equivalent amount in dollars calculated by using the current bank-offered spot rate at the place of payment for the purchase of dollars on the day on which the instrument is paid. [1993, c. 293, Pt. A, §2 (NEW).]
SECTION HISTORY
1993, c. 293, §A2 (NEW).
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