Minnesota § 548.47 - CONVERSIONS OF FOREIGN MONEY IN DISTRIBUTION PROCEEDING
Full text of Minnesota Minnesota Statutes § 548.47 — CONVERSIONS OF FOREIGN MONEY IN DISTRIBUTION PROCEEDING, with citation guidance and answers to common questions.
§ 548.47. CONVERSIONS OF FOREIGN MONEY IN DISTRIBUTION PROCEEDING
The rate of exchange prevailing at or near the close of business on the day the distribution proceeding is initiated governs all exchanges of foreign money in a distribution proceeding. A foreign-money claimant in a distribution proceeding shall assert its claim in the named foreign money and show the amount of United States dollars resulting from a conversion as of the date the proceeding was initiated.
History:
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 548.47
What does Minnesota Statutes § 548.47 cover?
Section 548.47 ("CONVERSIONS OF FOREIGN MONEY IN DISTRIBUTION PROCEEDING") is part of the Minnesota Statutes, the codified statutory law of Minnesota. 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 Minnesota § 548.47?
A common citation format is "Minnesota Statutes § 548.47" (Minnesota). 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 Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 548.47 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota 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 Minnesota.