§ 1C-1850 – Short title.
1C-1850. Short title. This Article may be cited as the North Carolina Uniform Foreign-Country Money Judgments Recognition Act. (2009-325, s. 2.)
§ 1C-1851 – Definitions.
1C-1851. Definitions. The following definitions apply in this Article: (1) Foreign country. – A government other than: a. The United States; b. A state, district, commonwealth, territory, or insular possession of the United States; or c. Any other government with regard to which the decision in this State as to whether to recognize a judgment […]
§ 1C-1852 – Applicability; saving clause.
1C-1852. Applicability; saving clause. (a) Except as otherwise provided in subsection (b) of this section, this Article applies to a foreign-country judgment to the extent that the judgment: (1) Grants or denies recovery of a sum of money; and (2) Under the law of the foreign country where rendered, is final, conclusive, and enforceable. (b) […]
§ 1C-1853 – Standards for recognition and nonrecognition of foreign-country judgment.
1C-1853. Standards for recognition and nonrecognition of foreign-country judgment. (a) Except as otherwise provided in this section, a court of this State shall recognize a foreign-country judgment to which this Article applies. (b) A court of this State shall not recognize a foreign-country judgment if: (1) The judgment was rendered under a judicial system that, […]
§ 1C-1854 – Personal jurisdiction.
1C-1854. Personal jurisdiction. (a) A foreign-country judgment shall not be refused recognition for lack of personal jurisdiction if any of the following exist: (1) The defendant was served with process personally in the foreign country. (2) The defendant voluntarily appeared in the proceeding, other than for the purpose of protecting property seized or threatened with […]
§ 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-1820 – Definitions.
1C-1820. Definitions. As used in this Article: (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) […]
§ 1C-1821 – Scope of Article.
1C-1821. Scope of Article. (a) This Article applies only to a foreign-money claim in an action or distribution proceeding. (b) This Article applies to foreign-money issues even if other law under the conflict of laws rules of this State applies to other issues in the action or distribution proceeding. (1995, c. 213, s. 1.)
§ 1C-1822 – Variation by agreement.
1C-1822. Variation by agreement. (a) The effect of this Article may be varied by agreement of the parties made before or after commencement of an action or distribution proceeding or the entry of judgment. (b) Parties to a transaction may agree upon the money to be used in a transaction giving rise to a foreign-money […]
§ 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 […]