§ 5-1601. Definitions. As used in this title the following terms shall
have the following meanings:

1. "Euro" shall mean the currency of participating member states of
the European Union that adopt a single currency in accordance with the
treaty on European Union signed February seventh, nineteen hundred
ninety-two.

2. "Introduction of the euro" shall mean and include the
implementation from time to time of economic and monetary union in
member states of the European Union in accordance with the treaty on
European Union signed February seventh, nineteen hundred ninety-two.

3. "ECU" or "European Currency Unit" shall mean the currency basket
that is from time to time used as the unit of account of the European
Community as defined in European Council Regulation No. 3320/94. When
the euro first becomes the monetary unit of participating member states
of the European Union, references to the ECU in a contract, security or
instrument that also refers to such definition of the ECU shall be
replaced by references to the euro at a rate of one euro to one ECU.
References to the ECU in a contract, security or instrument without such
a definition of the ECU shall be presumed, unless either demonstrated or
proven to the contrary by the intention of the parties, to be references
to the currency basket that is from time to time used as the unit of
account of the European Community.