Uniform Foreign-Country Money Judgments Recognition Act Law and Legal Definition
The Uniform Foreign-Country Money Judgments Recognition Act was created by the National Conference of Commissioners on Uniform State Law (NCCUSL) in 2005. This act provides updated rules and procedures for the recognition of foreign judgments. It is a revision of the Uniform Foreign Money Judgments Recognition Act of 1962, which simplified international business by recognizing money judgments obtained in other nations for the purpose of enforcement.
The first step towards enforcement is recognition of the foreign country judgment. The recognition occurs in a state court when an appropriate action is filed for the purpose. If the judgment meets the statutory standards, the state court will recognize it. It then may be enforced as if it is a judgment of another state of the United States. Enforcement may then proceed, which means the judgment creditor may proceed against the property of the judgment debtor to satisfy the judgment amount.
Many states like California, Colorado, Hawaii, Idaho, Iowa, Michigan, Minnesota and Montana has adopted the act. Massachusetts adopted it in 2010.
Legal Definition list
- Uniform Foreign Money Judgments Recognition Act of 1962
- Uniform Foreign Money Claims Act
- Uniform Federal Lien Registration Act
- Uniform Extradition and Rendition Act
- Uniform Exemptions Act
- Uniform Foreign-Country Money Judgments Recognition Act
- Uniform Fraudulent Conveyances Act
- Uniform Fraudulent Transfer Act
- Uniform Fraudulent Transfer Act
- Uniform Gift to Minors Account(UGMA)
- Uniform Guardianship and Protective Proceedings Act
