Oregon Code § 24.315·Enacted ·Last updated March 01, 2026
Statute Text
Effect
of currency substitution.
(1) If, after an obligation is expressed or a loss is incurred in a foreign
money, the country issuing or adopting that money substitutes a new money in
place of that money, the obligation or the loss is treated as if expressed or
incurred in the new money at the rate of conversion the issuing country
establishes for the payment of like obligations or losses denominated in the
former money.
(2) If
substitution under subsection (1) of this section occurs after a judgment or
award is entered on a foreign-money claim, the court or arbitrator shall amend,
upon the motion of any party, the judgment or award by a like conversion of the
former money. [1991 c.202 §13]
Plain English Explanation
This Oregon statute addresses Effect
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 24.315
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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