North Carolina § 40A-64 - Compensation for taking.
Full text of North Carolina North Carolina General Statutes § 40A-64 — Compensation for taking., with citation guidance and answers to common questions.
§ 40A-64. Compensation for taking.
Except as provided in subsection (b), the measure of compensation for a taking of property is its fair market value. If there is a taking of less than the entire tract, the measure of compensation is the greater of either (i) the amount by which the fair market value of the entire tract immediately before the taking exceeds the fair market value of the remainder immediately after the taking; or (ii) the fair market value of the property taken. If the owner is to be allowed to remove any timber, building or other permanent improvement, or fixtures from the property, the value thereof shall not be included in the compensation award, but the cost of removal shall be considered as an element to be compensated. History (1981, c. 919, s. 1; 2001-487, s. 17.)
Frequently Asked Questions About North Carolina § 40A-64
What does North Carolina General Statutes § 40A-64 cover?
Section 40A-64 ("Compensation for taking.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 40A-64?
A common citation format is "North Carolina General Statutes § 40A-64" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 40A-64 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.