§ 53-295. Definitions.

Article23.

Continuity of ContractUnder European Monetary Union.

§ 53‑295.  Definitions.

The following definitionsshall apply in this Article:

(1) Euro. – The currencyof participating member states of the European Union that adopt a singlecurrency in accordance with the Treaty on European Union dated February 7,1992.

(2) European CurrencyUnit (ECU). – The currency as defined in the European Council regulation number3320/94.

(3) Introduction of theEuro. – The implementation of economic and monetary union of member states ofthe European Union in accordance with the Treaty on European Union datedFebruary 7, 1992. (1999‑312, s. 1.)