2007 Minnesota Statutes
This is a historical version of this statute chapter.
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548.51 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 is treated as if expressed or incurred in the new money at the rate of conversion the issuing
country establishes for the payment of like obligations or losses denominated in the former money.
(b) If substitution under paragraph (a) occurs after a judgment or award is entered on
a foreign-money claim, the court or arbitrator shall amend the judgment or award by a like
conversion of the former money.
History: 1991 c 156 s 12
Copyright © 2007 by the Revisor of Statutes, State of Minnesota. All rights reserved.