Arizona § 47-3107 - Instrument payable in foreign money
Full text of Arizona Arizona Revised Statutes § 47-3107 — Instrument payable in foreign money, with citation guidance and answers to common questions.
§ 47-3107. 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: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 47-3107
What does Arizona Revised Statutes § 47-3107 cover?
Section 47-3107 ("Instrument payable in foreign money") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 47-3107?
A common citation format is "Arizona Revised Statutes § 47-3107" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 47-3107 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.