Conversions of foreign money in a distribution proceeding.

Utah Code § 78B-5-409, under Part 78B-5-4: Uniform Foreign-Money Claims Act.

Utah Code § 78B-5-409

78B-5-409. Conversions of foreign money in a distribution proceeding.

The rate of exchange prevailing at or near the closing of business on the day the proceeding is initiated shall govern all exchanges of foreign money in a distribution proceeding. A foreign-money claimant in a distribution proceeding must 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.