North Carolina § 24-9.1 Certain repayments to consumers by public utilities not subject to claim or defense of usury

North Carolina Statutes

§ 24-9.1 — Certain repayments to consumers by public utilities not subject to claim or defense of usury

North Carolina § 24-9.1

Ch. 24Interest

Art. 1General Provisions

This text of North Carolina § 24-9.1 (Certain repayments to consumers by public utilities not subject to claim or defense of usury) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 24-9.1 (2026).

Text

Notwithstanding any other provision of this Chapter or any other provision of law, any public utility, as defined by G.S. 62-3, shall pay to its customers such rate of interest as may be required by order of the North Carolina Utilities Commission in transactions wherein the utility is refunding to its customers funds advanced by or overcollected from the customers. As to such transactions, the claim or defense of usury by such public utility and its successors or anyone else in its behalf is prohibited. (1981, c. 461, s. 3.)
§ 24-9.2: Repealed by Session Laws 1995, c. 351, s. 14.

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Notwithstanding any other provision of this Chapter or any other provision of law, any public utility, as defined by G.S. 62-3, shall pay to its customers such rate of interest as may be required by order of the North Carolina Utilities Commission in transactions wherein the utility is refunding to its customers funds advanced by or overcollected from the customers. As to such transactions, the claim or defense of usury by such public utility and its successors or anyone else in its behalf is prohibited. (1981, c. 461, s. 3.)
§ 24-9.2: Repealed by Session Laws 1995, c. 351, s. 14.