make WWAY your homepage  Become a fan on facebook  Follow us on twitter  Receive RSS Newsfeeds  MEMBERS: Register | Login

State of emergency activates NC price-gouging law

READ MORE:
sandy.jpg

RALEIGH, NC (AP) -- North Carolina's price gouging law is currently in effect because of the recent state of emergency declarations due to Hurricane Sandy.

Attorney General Roy Cooper has notified businesses and consumers of the activation.

Gov. Beverly Perdue declared a state of emergency for 40 counties east of Interstate 95. On Monday she issued another state of emergency for 24 counties in western North Carolina.

Price gouging, the practice of charging too much in times of crisis, is against North Carolina law when a disaster, an emergency or an abnormal market disruption for critical goods and services is declared or proclaimed by the governor.

The law also applies to all levels of the supply chain from the manufacturer to the distributor to the retailer.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Disclaimer: Comments posted on this, or any story are opinions of those people posting them, and not the views or opinions of WWAY NewsChannel 3, its management or employees. You can view our comment policy here.

»