Idaho State Statutes - Idaho Attorney Directory

DETERMINING UNITED STATES DOLLAR VALUE OF FOREIGN-MONEY CLAIMS
FOR LIMITED PURPOSES. (a) Computations under this section are for the limited
purposes of the section and do not affect computation of the United States
dollar equivalent of the money of the judgment for the purpose of payment.
(b) 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 (c) and (d) of this section.
(c) A party seeking process, costs, bond or other undertaking under
subsection (b) of this section 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.
(d) A party seeking the process, costs, bond or other undertaking under
subsection (b) of this section 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 officials 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.

Click here to visit the Official Idaho State Statutes