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§6A-3-107  Instrument payable in foreign money. –

Published: 2015

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Uniform Commercial Code


Negotiable Instruments

PART 6A-3-101

General Provisions And Definitions

SECTION 6A-3-107

   § 6A-3-107  Instrument payable in foreign

money. –

Unless the instrument otherwise provides, an instrument that states the amount

payable in foreign money may be paid in the foreign money or in an equivalent

amount in dollars calculated by using the current bank-offered spot rate at the

place of payment for the purchase of dollars on the day on which the instrument

is paid.

History of Section.

(P.L. 2000, ch. 238, § 3; P.L. 2000, ch. 421, § 3.)