The rate of exchange prevailing at or near the close of business on the day the distribution proceeding is initiated governs all exchanges of foreign money in a distribution proceeding. A foreign-money claimant in a distribution proceeding shall 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. [1991 c.202 § 9]

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Terms Used In Oregon Statutes 24.295

  • United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100