HRS §658B-8
Exchange rate for foreign money in a distribution case
This section sets the exchange rate for converting foreign money in a distribution proceeding. The rate is fixed as of the day the case starts. A person claiming foreign money must state the claim in that foreign money and show the U.S. dollar amount using that rate.
courtscreditors
The statute, as written — 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.
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