Nevada Code § 17.640

Determining United States dollar value of foreign-money claims for limited purposes
Open in Lexace · Ask the AI about this section
1. Computations under this section are for
the limited purposes of the section and do not affect computation of the
equivalent in United States dollars of the money of the judgment for the
purpose of payment.
2. For the limited purpose of facilitating
the enforcement of provisional remedies in an action, the value in United
States dollars of assets to be seized or restrained pursuant to a writ of
attachment, garnishment, execution or other legal process, the amount of United
States dollars at issue for assessing costs, or the amount of United States
dollars involved for a surety bond or other court-required undertaking must be
ascertained as provided in subsections 3 and 4.
3. A party seeking process, costs, bond or
other undertaking under subsection 2 shall compute in United States dollars the
amount of the foreign money claimed from a bank-offered spot rate prevailing at
or near the close of business on the banking day next preceding the filing of a
request or application for the issuance of process or for the determination of
costs, or an application for a bond or other court-required undertaking.
4. A party seeking the process, costs,
bond or other undertaking under subsection 2 shall file with each request or
application an affidavit or certificate executed in good faith by its counsel
or a bank officer, stating the market quotation used and how it was obtained,
and setting forth the calculation. Affected court officers incur no liability,
after a filing of the affidavit or certificate, for acting as if the judgment
were in the amount of United States dollars stated in the affidavit or
certificate.

‹ Prev All Nevada sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.