North Dakota Code § 32-41-12

Effect of currency revalorization
Open in Lexace · Ask the AI about this section
If, after an obligation is expressed or a loss is incurred in a foreign money, the country 
issuing or adopting that money substitutes a new money in place of that money, the obligation 
or the loss is treated as if expressed or incurred in the new money at the rate of conversion the 
issuing country establishes for the payment of like obligations or losses denominated in the 
former money. If the substitution occurs after a judgment or award is entered on a 
foreign-money claim, the court or arbitrator shall amend the judgment or award by a like 
conversion of the former money.

‹ Prev All North Dakota 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.