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A public reference institution of the State of North Carolina's law

North Carolina Law

N.C.G.S. § 53-297 — revision history

Text is never overwritten. Each amendment lands as a new version row with its own effective range.

  1. Version 1 — 2026-08-08 to present

    Scraped from ncleg.gov; The General Statutes include changes through S.L. 2026-7.

    None of the following shall have the effect of discharging or excusing performance under any contract, security, or instrument, or give a party the right unilaterally to alter or terminate any contract, security, or instrument: (1) Introduction of the euro. (2) Tender of euros in connection with any obligation in compliance with G.S. 53-296. (3) Determination of the value of any obligation in compliance with G.S. 53-296. (4) Calculation or determination of the subject or medium of payment of a contract, security, or instrument with reference to an interest rate or other basis that has been substituted or replaced due to the introduction of the euro and that is a commercially reasonable substitute and substantial equivalent. (1999-312, s. 1.)