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Kentucky Revised Statutes · § 355.3-107 — Instrument payable in foreign money

355.3-107. Instrument payable in foreign money

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.

Source notes

Effective: January 1, 1997

History and annotations

Repealed and reenacted 1996 Ky. Acts ch. 130, sec. 7, effective January 1, 1997. -- Created 1958 Ky. Acts ch. 77, sec. 3-107, effective July 1, 1960.

Official source for this version

Source captured 2026-09-25. Open the official source.

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