N.M. Stat. § 39-4C-9

§ 39-4C-9. Conversions of foreign money in distribution proceeding

Year: 2026Length: 66 words
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.
N.M. Stat. § 39-4C-9: § 39-4C-9. Conversions of foreign money in distribution proceeding | Justis AI