State of emergency puts NC price-gouging law in effect
RALEIGH, N.C. (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.
This article was provided by The Associated Press. (Copyright 2012 by The Associated Press. All Rights Reserved.)