Alaska Statutes Sec. 45.03.107 - Instrument Payable in Foreign Money

Unless the instrument otherwise provides, an instrument that states the amount payable in foreign money may be paid in the foreign money or in an equivalent amount in dollars calculated by using the current bank-offered spot rate at the place of payment for the purchase of dollars on the day on which the instrument is paid.

Section: Previous  45.03.101  45.03.102  45.03.103  45.03.104  45.03.105  45.03.106  45.03.107  45.03.108  45.03.109  45.03.110  45.03.111  45.03.112  45.03.113  45.03.114  45.03.115  Next

Last modified: November 15, 2016