CODE OF VIRGINIA

CONVERSIONS OF FOREIGN MONEY IN DISTRIBUTION PROCEEDING (§ 8.01-465.21)

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.

HISTORY: 1991, c. 24.