Section 10-1509 – PREJUDGMENT AND JUDGMENT INTEREST.
10-1509. PREJUDGMENT AND JUDGMENT INTEREST. (a) With respect to a foreign-money claim, recovery of prejudgment or preaward interest and the rate of interest to be applied in the action or distribution proceeding, except as provided in subsection (b) of this section, are matters of the substantive law governing the right to recovery under the conflict-of-laws […]
Section 10-1510 – ENFORCEMENT OF FOREIGN JUDGMENTS.
10-1510. ENFORCEMENT OF FOREIGN JUDGMENTS. (a) If an action is brought to enforce a judgment of another jurisdiction expressed in a foreign money and the judgment is recognized in this state as enforceable, the enforcing judgment must be entered as provided in section 10-1507, Idaho Code, whether or not the foreign judgment confers an option […]
Section 10-1511 – DETERMINING UNITED STATES DOLLAR VALUE OF FOREIGN-MONEY CLAIMS FOR LIMITED PURPOSES.
10-1511. DETERMINING UNITED STATES DOLLAR VALUE OF FOREIGN-MONEY CLAIMS FOR LIMITED PURPOSES. (a) Computations under this section are for the limited purposes of the section and do not affect computation of the United States dollar equivalent of the money of the judgment for the purpose of payment. (b) For the limited purpose of facilitating the […]
Section 10-1512 – EFFECT OF CURRENT REVALORIZATION.
10-1512. EFFECT OF CURRENT REVALORIZATION. (a) 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 […]
Section 10-1513 – SUPPLEMENTARY GENERAL PRINCIPLES OF LAW.
10-1513. SUPPLEMENTARY GENERAL PRINCIPLES OF LAW. Unless displaced by particular provisions of this chapter, the principles of law and equity, including the law merchant, and the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy, or other validating or invalidating causes supplement its provisions. History: [10-1513, added 2001, […]
Section 10-1514 – UNIFORMITY OF APPLICATION AND CONSTRUCTION.
10-1514. UNIFORMITY OF APPLICATION AND CONSTRUCTION. This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among states enacting it. History: [10-1514, added 2001, ch. 329, sec. 1, p. 1160.]
Section 10-1515 – SHORT TITLE.
10-1515. SHORT TITLE. This chapter may be cited as the "Uniform Foreign-Money Claims Act." History: [10-1515, added 2001, ch. 329, sec. 1, p. 1160.]
Section 10-1411 – SAVINGS CLAUSE.
10-1411. SAVINGS CLAUSE. This chapter does not prevent the recognition under principles of comity or otherwise of a foreign country judgment not within the scope of this chapter. History: [10-1411, added 2007, ch. 46, sec. 2, p. 118.]
Section 10-1516 – SEVERABILITY.
10-1516. SEVERABILITY. The provisions of this chapter are hereby declared to be severable and if any provision of this chapter or the application of such provision to any person or circumstance is declared invalid for any reason, such declaration shall not affect the validity of the remaining portions of this chapter. History: [10-1516, added 2001, […]
Section 10-1501 – DEFINITIONS.
10-1501. DEFINITIONS. As used in this chapter: (1) "Action" means a judicial proceeding or arbitration in which a payment in money may be awarded or enforced with respect to a foreign-money claim. (2) "Bank-offered spot rate" means the spot rate of exchange at which a bank will sell foreign money at a spot rate. (3) […]