North Carolina § 136-113 - Interest as a part of just compensation.
Full text of North Carolina North Carolina General Statutes § 136-113 — Interest as a part of just compensation., with citation guidance and answers to common questions.
§ 136-113. Interest as a part of just compensation.
To said amount awarded as damages by the commissioners or a jury or judge, the judge shall, as a part of just compensation, add interest at the legal rate on said amount from the date of taking to the date of satisfaction of the judgment; but interest shall not be allowed from the date of deposit on so much thereof as shall have been paid into court as provided in this Article. For purposes of this section, the term "legal rate" means the prime lending rate, as published by the Board of Governors of the Federal Reserve System on the first business day of the calendar month immediately preceding the date of taking. The legal rate established under this section shall not exceed the legal rate set in G.S. 24-1. An amount awarded as damages shall bear simple, not compounding, interest. History (1959, c. 1025, s. 2; 1983, c. 812; 2016-90, s. 18(b); 2019-251, s. 1.4(b).) Editor's Note. - Session Laws 2016-90, s. 18(c), made the amendment to this section by Session Laws 2016-90, s. 18(b), applicable to causes of action filed on or after July 11, 2016. Session Laws 2019-251, s. 1.4(c), provides: "Subsection (a) of this section becomes effective December 1, 2019, and applies to all pending and future claims and causes of action arising from the recordation of a transportation corridor map under Article 2E of Chapter 136 of the General Statutes. Subsection (b) of this section becomes effective January 1, 2020, and applies to causes of action filed on or after that date." Effect of Amendments. - Session Laws 2016-90, s. 18(b), effective July 11, 2016, deleted "as provided in G.S. 24-1" following "interest at the legal rate" in the first sentence and added the last two sentences. See editor's note for applicability. Session Laws 2019-251, s. 1.4(b), inserted "satisfaction of the" prior to "judgment;" in the first sentence; and added the last sentence. For effective date and applicability, see editor's note.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 136-113
What does North Carolina General Statutes § 136-113 cover?
Section 136-113 ("Interest as a part of just compensation.") 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 § 136-113?
A common citation format is "North Carolina General Statutes § 136-113" (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 § 136-113 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.