Bill Summary for S 414 (2011-2012)
Printer-friendly: Click to view
Summary date:
Apr 26 2011
S.L. 2011-341
Bill Information:
View NCGA Bill Details | 2011-2012 Session |
TO PROVIDE THAT RECIPROCAL ATTORNEYS' FEES PROVISIONS IN BUSINESS CONTRACTS ARE VALID AND ENFORCEABLE UNDER THE LAWS OF THIS STATE.Intro. by Clodfelter.
View: All Summaries for Bill | Tracking: |
Bill summary
Senate amendment makes the following changes to 2nd edition, as amended. Amends new GS 6-21.6(b) to provide that any award of reasonable attorneys’ fees in an action or proceeding on the contract primarily for monetary damages may not exceed the monetary damages awarded. Adds a subsection providing that nothing in the new statute in any way makes valid or invalid attorney’s fees provisions in a contract of insurance governed by GS Chapter 58 (replaces provision added in previous amendment).