Statute · California Code of Civil Procedure
Cal. Civ. Proc. Code § 676.12 — UNIFORM FOREIGN-MONEY CLAIMS ACT
Cal. Civ. Proc. Code § 676.12
- Type
- Statute
- Source
- California Code of Civil Procedure
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(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…
Citator
Cal. Civ. Proc. Code § 676.12 — UNIFORM FOREIGN-MONEY CLAIMS ACT is in force in the current edition of the Code, and nothing recorded condemns it.
(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 subdivision (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.