548.47 CONVERSIONS OF FOREIGN MONEY IN DISTRIBUTION PROCEEDING.
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 156 s 8