Oklahoma § 12-729.6 - Determining amount to be paid in foreign money
Full text of Oklahoma Oklahoma Statutes § 12-729.6 — Determining amount to be paid in foreign money, with citation guidance and answers to common questions.
§ 12-729.6. Determining amount to be paid in foreign money
A. If an amount contracted to be paid in a foreign money is
measured by a specified amount of a different money, the amount to
be paid is determined on the conversion date.
B. If an amount contracted to be paid in a foreign money is to
be measured by a different money at the rate of exchange prevailing
on a date before default, that rate of exchange applies only to
payments made within a reasonable time after default, not exceeding
thirty (30) days. Thereafter, conversion is made at the bankoffered spot rate on the conversion date.
C. A monetary claim is neither usurious nor unconscionable
because the agreement on which it is based provides that the amount
Oklahoma Statutes - Title 12. Civil Procedure
of the debtor's obligation to be paid in the debtor's money, when
received by the creditor, must equal a specified amount of the
foreign money of the country of the creditor. If, because of
unexcused delay in payment of a judgment or award, the amount
received by the creditor does not equal the amount of the foreign
money specified in the agreement, the court or arbitrator shall
amend the judgment or award accordingly.
Added by Laws 1994, c. 165, § 6, eff. Jan. 1, 1995.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 12-729.6
What does Oklahoma Statutes § 12-729.6 cover?
Section 12-729.6 ("Determining amount to be paid in foreign money") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. 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 Oklahoma § 12-729.6?
A common citation format is "Oklahoma Statutes § 12-729.6" (Oklahoma). 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 Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 12-729.6 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma 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 Oklahoma.