Ohio Code § 2337.05
Ohio Code § 2337.05. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 2337.05.
(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 days. Thereafter, conversion is made at the bank-offered 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 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.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 2337.05
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 2337.05?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 2337.05 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 2337.05 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.