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2017 South Carolina Code of Laws
Title 36 - Commercial Code
CHAPTER 3 - COMMERCIAL CODE - NEGOTIABLE INSTRUMENTS
Section 36-3-107. Instrument payable in foreign money.
Universal Citation: SC Code § 36-3-107 (2017)
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.
HISTORY: 1962 Code Section 10.3-107; 1966 (54) 2716; 2008 Act No. 204, Section 2, eff July 1, 2008.
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