                                 CODE OF VIRGINIA

DETERMINING UNITED STATES DOLLAR VALUE OF FOREIGN-MONEY CLAIMS FOR LIMITED
PURPOSES (§ 8.01-465.24)

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:

1. 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.

2. An affidavit or certificate executed in good faith by the party&#8217;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.
			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.

HISTORY: 1991, c. 24.