Oklahoma Code § 12-729.13

Title 12. Civil Procedure: Foreign money revalorization
Open in Lexace · Ask the AI about this section
A.  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.
B.  If substitution under subsection A of this section 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 Oklahoma 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.