Ohio § 2337.07

Full text of Ohio Ohio Revised Code § 2337.07, with citation guidance and answers to common questions.

§ 2337.07.

(A) Except as provided in division (C) of this section, a judgment or award on a foreign-money

claim must be stated in an amount of the money of the claim. (B) A judgment or award on a foreign-money claim is payable in that foreign money or,

at the option of the debtor, in the amount of United States dollars which will purchase

that foreign money on the conversion date at a bank-offered spot rate. (C) Assessed costs must be entered in United States dollars. (D) Each payment in United States dollars must be accepted and credited on a judgment

or award on a foreign-money claim in the amount of the foreign money that could be

purchased by the dollars at a bank-offered spot rate of exchange at or near the close

of business on the conversion date for that payment. (E) A judgment or award made in an action or distribution proceeding on both a defense,

set-off, recoupment, or counterclaim and the adverse party's claim, must be netted

by converting the money of the smaller into the money of the larger, and by subtracting

the smaller from the larger, and specify the rates of exchange used. (F) A judgment substantially in the following form complies with division (A) of this

section: “It is adjudged and ordered, that Defendant _____ pay to Plaintiff _____ the sum of _____ (amount in foreign money) plus interest on that sum at the rate of ___ per cent a year or, at the option of the judgment debtor, the number of United States

dollars which will purchase the _____ (name of foreign money) with interest due, at a bank-offered spot rate at or near

the close of business on the banking day next before the day of payment, together

with assessed costs of _____ (amount) United States dollars.” (G) If a contract claim is of the type covered by division (A) or (B) of section 2337.05 of the Revised Code , the judgment or award must be entered for the amount of money stated to measure

the obligation to be paid in the money specified for payment or, at the option of

the debtor, the number of United States dollars which will purchase the computed amount

of the money of payment on the conversion date at a bank-offered spot rate. (H) A judgment must be filed and indexed in foreign money in the same manner, and has

the same effect as a lien, as other judgments.  It may be discharged by payment.

Frequently Asked Questions About Ohio § 2337.07

What does Ohio Revised Code § 2337.07 cover?

Section 2337.07 is part of the Ohio Revised Code, the codified statutory law of Ohio. 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 Ohio § 2337.07?

A common citation format is "Ohio Revised Code § 2337.07" (Ohio). 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 Ohio law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.

How does Ohio § 2337.07 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio 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 Ohio.