{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.01-465.24.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.01-465.24.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.01-465.24.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.01-465.24.html"}],"law_id":68655,"edition_id":1,"section_id":68655,"structure_id":15549,"section_number":"8.01-465.24","catch_line":"Determining United States dollar value of foreign-money claims for limited purposes","history":"1991, c. 24.","full_text":"For the limited purpose of facilitating the enforcement of provisional remedies in an action, (i) 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, (ii) the amount of United States dollars at issue for assessing costs, or (iii) the amount of United States dollars involved for a surety bond or other court-required undertaking shall be ascertained by a party seeking the process, costs, bond or other undertaking as follows:\n\n1\n\nThe amount of the foreign money claimed shall be computed from a bank-offered spot rate prevailing at or near the close of business on the banking day next preceding the filing of (i) a request or application for the issuance of process or for the determination of costs, or (ii) an application for a bond or other court-required undertaking.2\n\nAn affidavit or certificate executed in good faith by the party’s counsel or a bank officer shall be filed with each request or application, 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.\n\t\t\tComputations 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.","order_by":null,"text":{"0":{"id":248520,"text":"For the limited purpose of facilitating the enforcement of provisional remedies in an action, (i) 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, (ii) the amount of United States dollars at issue for assessing costs, or (iii) the amount of United States dollars involved for a surety bond or other court-required undertaking shall be ascertained by a party seeking the process, costs, bond or other undertaking as follows:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":248521,"text":"The amount of the foreign money claimed shall be computed from a bank-offered spot rate prevailing at or near the close of business on the banking day next preceding the filing of (i) a request or application for the issuance of process or for the determination of costs, or (ii) an application for a bond or other court-required undertaking.","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":248522,"text":"An affidavit or certificate executed in good faith by the party’s counsel or a bank officer shall be filed with each request or application, 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.\n\t\t\tComputations 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.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1"}},"ancestry":[{"id":15549,"edition_id":1,"name":"Uniform Foreign-Money Claims Act","identifier":"17.3","label":"chapter","depth":2,"order_by":1,"parent_id":12747,"metadata":{},"date_created":"2026-06-26 03:56:13","date_modified":"2026-06-26 03:56:13","permalink":{"id":278013,"object_type":"structure","relational_id":15549,"identifier":"17.3","token":"8.01\/17.3","url":"\/8.01\/17.3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12747,"edition_id":1,"name":"Civil Remedies and Procedure","identifier":"8.01","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":277029,"object_type":"structure","relational_id":12747,"identifier":"8.01","token":"8.01","url":"\/8.01\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":73220,"structure_id":15549,"section_number":"8.01-465.14","catch_line":"Definitions","url":"\/8.01-465.14\/","token":"8.01\/17.3\/8.01-465.14","metadata":false},{"id":68474,"structure_id":15549,"section_number":"8.01-465.15","catch_line":"Scope","url":"\/8.01-465.15\/","token":"8.01\/17.3\/8.01-465.15","metadata":false},{"id":67562,"structure_id":15549,"section_number":"8.01-465.16","catch_line":"Variation by agreement","url":"\/8.01-465.16\/","token":"8.01\/17.3\/8.01-465.16","metadata":false},{"id":59309,"structure_id":15549,"section_number":"8.01-465.17","catch_line":"Determining money of the claim","url":"\/8.01-465.17\/","token":"8.01\/17.3\/8.01-465.17","metadata":false},{"id":64360,"structure_id":15549,"section_number":"8.01-465.18","catch_line":"Determining amount of the money of certain contract claims","url":"\/8.01-465.18\/","token":"8.01\/17.3\/8.01-465.18","metadata":false},{"id":84534,"structure_id":15549,"section_number":"8.01-465.19","catch_line":"Asserting and defending foreign-money claim","url":"\/8.01-465.19\/","token":"8.01\/17.3\/8.01-465.19","metadata":false},{"id":76398,"structure_id":15549,"section_number":"8.01-465.20","catch_line":"Judgments and awards on foreign-money claims; times of money conversion; form of judgment","url":"\/8.01-465.20\/","token":"8.01\/17.3\/8.01-465.20","metadata":false},{"id":61984,"structure_id":15549,"section_number":"8.01-465.21","catch_line":"Conversions of foreign money in distribution proceeding","url":"\/8.01-465.21\/","token":"8.01\/17.3\/8.01-465.21","metadata":false},{"id":69272,"structure_id":15549,"section_number":"8.01-465.22","catch_line":"Prejudgment and judgment interest","url":"\/8.01-465.22\/","token":"8.01\/17.3\/8.01-465.22","metadata":false},{"id":63640,"structure_id":15549,"section_number":"8.01-465.23","catch_line":"Enforcement of foreign judgments","url":"\/8.01-465.23\/","token":"8.01\/17.3\/8.01-465.23","metadata":false},{"id":68655,"structure_id":15549,"section_number":"8.01-465.24","catch_line":"Determining United States dollar value of foreign-money claims for limited purposes","url":"\/8.01-465.24\/","token":"8.01\/17.3\/8.01-465.24","metadata":false},{"id":81957,"structure_id":15549,"section_number":"8.01-465.25","catch_line":"Effect of substitution of currency by issuing authority","url":"\/8.01-465.25\/","token":"8.01\/17.3\/8.01-465.25","metadata":false}],"previous_section":{"id":63640,"structure_id":15549,"section_number":"8.01-465.23","catch_line":"Enforcement of foreign judgments","url":"\/8.01-465.23\/","token":"8.01\/17.3\/8.01-465.23","metadata":false},"next_section":{"id":81957,"structure_id":15549,"section_number":"8.01-465.25","catch_line":"Effect of substitution of currency by issuing authority","url":"\/8.01-465.25\/","token":"8.01\/17.3\/8.01-465.25","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.01-465.24\/","history_text":"

This law was first created in 1991. The record of its establishment is cataloged in chapter 24 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1991 \u201cActs\u201d aren\u2019t available online.<\/p>","references":false,"refers_to":false,"permalink":{"id":278055,"object_type":"law","relational_id":68655,"identifier":"8.01-465.24","token":"8.01\/17.3\/8.01-465.24","url":"\/8.01-465.24\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.01-465.24\/","token":"8.01\/17.3\/8.01-465.24","dublin_core":{"Title":"Determining United States dollar value of foreign-money claims for limited purposes","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.01-465.24","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

For the limited purpose of facilitating the enforcement of provisional remedies in an action<\/span>, (i) the value in United States<\/span> dollars of assets<\/span> to be seized or restrained pursuant to a writ<\/span> of attachment<\/span>, garnishment<\/span>, execution, or other legal process, (ii) the amount of United States<\/span> dollars at issue<\/span> for assessing costs, or (iii) the amount of United States<\/span> dollars involved for a surety<\/span> bond<\/span> or other court<\/span>-required undertaking shall be ascertained by a party<\/span> seeking the process, costs, bond<\/span> or other undertaking as follows:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The amount of the foreign money<\/span> claimed shall be computed from a bank-offered spot rate<\/span> prevailing at or near the close of business on the banking day next preceding the filing of (i) a request or application for the issuance of process or for the determination of costs, or (ii) an application for a bond<\/span> or other court<\/span>-required undertaking. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> An affidavit<\/span> or certificate executed in good faith by the party<\/span>’s counsel<\/span> or a bank officer shall be filed with each request or application, stating the market quotation used and how it was obtained, and setting forth the calculation. Affected court<\/span> officials incur no liability, after a filing of the affidavit<\/span> or certificate, for acting as if the judgment<\/span> were in the amount of United States<\/span> dollars stated in the affidavit<\/span> or certificate.\n\t\t\tComputations under this section are for the limited purposes of the section and do not affect computation of the United States<\/span> dollar equivalent of the money of the judgment<\/span> for the purpose of payment. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDETERMINING UNITED STATES DOLLAR VALUE OF FOREIGN-MONEY CLAIMS FOR LIMITED\nPURPOSES (\u00a7 8.01-465.24)\n\nFor the limited purpose of facilitating the enforcement of provisional remedies\nin an action, (i) the value in United States dollars of assets to be seized or\nrestrained pursuant to a writ of attachment, garnishment, execution, or other\nlegal process, (ii) the amount of United States dollars at issue for assessing\ncosts, or (iii) the amount of United States dollars involved for a surety bond\nor other court-required undertaking shall be ascertained by a party seeking the\nprocess, costs, bond or other undertaking as follows:\n\n1. The amount of the foreign money claimed shall be computed from a bank-offered\nspot rate prevailing at or near the close of business on the banking day next\npreceding the filing of (i) a request or application for the issuance of process\nor for the determination of costs, or (ii) an application for a bond or other\ncourt-required undertaking.\n\n2. An affidavit or certificate executed in good faith by the party’s\ncounsel or a bank officer shall be filed with each request or application,\nstating the market quotation used and how it was obtained, and setting forth the\ncalculation. Affected court officials incur no liability, after a filing of the\naffidavit or certificate, for acting as if the judgment were in the amount of\nUnited States dollars stated in the affidavit or certificate.\n\t\t\tComputations under this section are for the limited purposes of the section\nand do not affect computation of the United States dollar equivalent of the\nmoney of the judgment for the purpose of payment.\n\nHISTORY: 1991, c. 24.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}