{"data":{"id":"us-nc/n.c.-gen.-stat.-53-297","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 53-297","heading":"Effect of currency substitution on performance.","body":"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:\n(1)\tIntroduction of the euro.\n(2)\tTender of euros in connection with any obligation in compliance with G.S. 53-296.\n(3)\tDetermination of the value of any obligation in compliance with G.S. 53-296.\n(4)\tCalculation 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.)","path":["Chapter 53. Regulation of Financial Services.","Article 23. Continuity of Contract Under European Monetary Union."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_53/GS_53-297.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:12Z","sha256":"180264a4d56b87a57472d3b891305c80a511eec6bfadb52ebe50fba9a856e038","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-53-296","next":"us-nc/n.c.-gen.-stat.-53-298"},"notice":"GroundRules: Original legal text. Not legal advice."}