GEORGIA CODE (Last Updated: August 20, 2013) |
Title 11. COMMERCIAL CODE |
Article 3. NEGOTIABLE INSTRUMENTS |
Part 1. GENERAL PROVISIONS AND DEFINITIONS |
Section 11-3-107. Instrument payable in foreign money
Latest version.
- Unless the instrument otherwise provides, an instrument that states the amount payable in foreign money may be paid in the foreign money or in an equivalent amount in dollars calculated by using the current bank offered spot rate at the place of payment for the purchase of dollars on the day on which the instrument is paid.
Code 1981, § 11-3-107, enacted by Ga. L. 1996, p. 1306, § 3.