§ 1C-1830 – Determining United States dollar value of assets to be seized or restrained.
1C-1830. Determining United States dollar value of assets to be seized or restrained. (a) Computations under this section shall 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 enforcement of provisional remedies in an action, the […]
§ 1C-1831 – Effect of currency revalorization.
1C-1831. Effect of currency 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 shall be treated as if expressed or incurred in the new money at […]
§ 1C-1832 – Supplementary general principles of law.
1C-1832. Supplementary general principles of law. Unless displaced by particular provisions of this Article, 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 shall supplement its provisions. (1995, c. 213, […]
§ 1C-1833 – Uniformity of application and construction.
1C-1833. Uniformity of application and construction. This Article shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this Article among states enacting it. (1995, c. 213, s. 1.)
§ 1C-1834 – Short title.
1C-1834. Short title. This Article may be cited as the North Carolina Foreign-Money Claims Act. (1995, c. 213, s. 1.)
§ 1C-1823 – Determining proper money of the claim.
1C-1823. Determining proper money of the claim. (a) The money in which the parties to a transaction have agreed that payment is to be made is the proper money of the claim for payment. (b) If the parties to a transaction have not otherwise agreed, the proper money of the claim, as in each case […]
§ 1C-1824 – Determining amount of the money of certain contract claims.
1C-1824. Determining amount of the money of certain contract claims. (a) If an amount contracted to be paid in a foreign money is measured by a specified amount of a different money, the amount to be paid shall be determined on the conversion date. (b) If an amount contracted to be paid in a foreign […]
§ 1C-1825 – Asserting and defending foreign-money claims.
1C-1825. Asserting and defending foreign-money claims. (a) A person may assert a claim in a specified foreign money. If a foreign-money claim is not asserted, the claimant shall make the claim in United States dollars. (b) An opposing party may allege and prove that a claim, in whole or in part, is in a different […]
§ 1C-1826 – Judgments and awards on foreign-money claims, times of money conversion; form of judgments.
1C-1826. Judgments and awards on foreign-money claims, times of money conversion; form of judgments. (a) Except as provided in subsection (c) of this section, a judgment or award on a foreign-money claim must be stated in an amount of the money of the claim. (b) A judgment or award on a foreign-money claim is payable […]
§ 1C-1827 – Conversions of foreign money in distribution proceedings.
1C-1827. Conversions of foreign money in distribution proceedings. The rate of exchange prevailing at or near the close of business on the day the distribution proceeding is initiated shall govern 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 […]