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 11-3-101 11-3-102 11-3-103 11-3-104 11-3-105 11-3-106 11-3-107 11-3-108 11-3-109 11-3-110 11-3-111 11-3-112 11-3-113 11-3-114 11-3-115 NextLast modified: October 14, 2016