Okla. Stat. tit. 12, § 12-729.8
This is the official text of Okla. Stat. tit. 12, § 12-729.8, part of Oklahoma’s Stat. tit. 12, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12,." Browse the sections below, each linked to its official government source.
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Judgment or award on foreign-money claim
Official statutory text
A. Except as provided in subsection C of this section, a
judgment or award on a foreign-money claim must be stated in an
amount of the money of the claim.
B. A judgment or award on a foreign-money claim is payable in
that foreign money or, at the option of the debtor, in the amount of
United States dollars which will purchase that foreign money on the
conversion date at a bank-offered spot rate.
C. Assessed costs must be entered in United States dollars.
D. Each payment in United States dollars must be accepted and
credited on a judgment or award on a foreign-money claim in the
amount of the foreign money that could be purchased by the dollars
at a bank-offered spot rate of exchange at or near the close of
business on the conversion date for that payment.
E. A judgment or award made in an action or distribution
proceeding on both:
1. A defense, set-off, recoupment or counterclaim; and
2. The adverse party's claim,
must be netted by converting the money of the smaller into the money
of the larger, and by subtracting the smaller from the larger, and
specify the rates of exchange used.
F. A judgment substantially in the following form complies with
subsection A of this section:
Oklahoma Statutes - Title 12. Civil Procedure Page 142
IT IS ADJUDGED AND ORDERED, that Defendant (insert name) pay to
Plaintiff (insert name) the sum of (insert amount in the foreign
money) plus interest on that sum at the rate of (insert rate - see
Section 10 of this act) percent a year or, at the option of the
judgment debtor, the number of United States dollars which will
purchase the (insert name of foreign money) with interest due, at a
bank-offered spot rate at or near the close of business on the
banking day next before the day of payment, together with assessed
costs of (insert amount) United States dollars.
G. If a contract claim is of the type covered by subsection A
or B of Section 6 of this act, the judgment or award must be entered
for the amount of money stated to measure the obligation to be paid
in the money specified for payment or, at the option of the debtor,
the number of United States dollars which will purchase the computed
amount of the money of payment on the conversion date at a bank-
offered spot rate.
H. In order to create a lien, a judgment in foreign money must
be filed and indexed in the same manner as other judgments. It may
be discharged in the same manner as other judgments.
judgment or award on a foreign-money claim must be stated in an
amount of the money of the claim.
B. A judgment or award on a foreign-money claim is payable in
that foreign money or, at the option of the debtor, in the amount of
United States dollars which will purchase that foreign money on the
conversion date at a bank-offered spot rate.
C. Assessed costs must be entered in United States dollars.
D. Each payment in United States dollars must be accepted and
credited on a judgment or award on a foreign-money claim in the
amount of the foreign money that could be purchased by the dollars
at a bank-offered spot rate of exchange at or near the close of
business on the conversion date for that payment.
E. A judgment or award made in an action or distribution
proceeding on both:
1. A defense, set-off, recoupment or counterclaim; and
2. The adverse party's claim,
must be netted by converting the money of the smaller into the money
of the larger, and by subtracting the smaller from the larger, and
specify the rates of exchange used.
F. A judgment substantially in the following form complies with
subsection A of this section:
Oklahoma Statutes - Title 12. Civil Procedure Page 142
IT IS ADJUDGED AND ORDERED, that Defendant (insert name) pay to
Plaintiff (insert name) the sum of (insert amount in the foreign
money) plus interest on that sum at the rate of (insert rate - see
Section 10 of this act) percent a year or, at the option of the
judgment debtor, the number of United States dollars which will
purchase the (insert name of foreign money) with interest due, at a
bank-offered spot rate at or near the close of business on the
banking day next before the day of payment, together with assessed
costs of (insert amount) United States dollars.
G. If a contract claim is of the type covered by subsection A
or B of Section 6 of this act, the judgment or award must be entered
for the amount of money stated to measure the obligation to be paid
in the money specified for payment or, at the option of the debtor,
the number of United States dollars which will purchase the computed
amount of the money of payment on the conversion date at a bank-
offered spot rate.
H. In order to create a lien, a judgment in foreign money must
be filed and indexed in the same manner as other judgments. It may
be discharged in the same manner as other judgments.
Status: in_force · Read it on the official government site
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