There is a newer version
of
this Section
2018 Code of Virginia
Title 8.01 - Civil Remedies and Procedure
Chapter 17.3 - Uniform Foreign-Money Claims Act
§ 8.01-465.25. Effect of substitution of currency by issuing authority
Universal Citation: VA Code § 8.01-465.25 (2018)
If, after an obligation is expressed or a loss is incurred in a foreign money, the country issuing or adopting that money substitutes a new money in place of that money, the obligation or the loss is treated as if expressed or incurred in the new money at the rate of conversion the issuing country establishes for the payment of like obligations or losses denominated in the former money. If such substitution occurs after a judgment or award is entered on a foreign-money claim, the court or arbitrator shall amend the judgment or award by a like conversion of the former money.
1991, c. 24.
Disclaimer: These codes may not be the most recent version. Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
