H 467 - Limits Penalties for Agricultural Operations - North Carolina Key Vote

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Title: Limits Penalties for Agricultural Operations

Vote Smart's Synopsis:

Vote to pass a bill that limits penalties for agricultural operations involved in lawsuits.

Highlights:

 

  • Requires compensatory damages to be measured by the reduction of the fair market value of the plaintiff’s property, but may not exceed the fair market value of such property, in cases against agricultural and forestry operations if the operation is a permanent nuisance (Sec. 1).

  • Requires compensatory damages to be based on the reduction of the fair rental value of a plaintiff’s property in cases against agricultural and forestry operations if the operation is a temporary nuisance (Sec. 1).

  • Prohibits the combined recovery from multiple nuisance actions from the same plaintiff from exceeding the fair market value of the plaintiff’s property (Sec. 1).

  • Specifies that any party contractually associated and in a business relationship with an agricultural or forestry operation is protected under this act (Sec. 1).

Title: Limits Penalties for Agricultural Operations

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