GENERAL ASSEMBLY OF NORTH CAROLINA
1995 SESSION
CHAPTER 100
The General Assembly of North Carolina enacts:
Section 1. G.S. 22B-3 reads as rewritten:
"§ 22B-3. Contracts with forum selection provisions.
Any Except as otherwise provided in this section,
any provision in a contract entered into in North Carolina that requires
the prosecution of any action or the arbitration of any dispute that arises
from the contract to be instituted or heard in another state is against public
policy and is void and unenforceable. This prohibition shall not apply to
non-consumer loan transactions. transactions or to any action or
arbitration of a dispute that is commenced in another state pursuant to a forum
selection provision with the consent of all parties to the contract at the time
that the dispute arises."
Sec. 2. This act is effective upon ratification and applies to any action or arbitration commenced prior to or on or after that date.
In the General Assembly read three times and ratified this the 23rd day of May, 1995.
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Dennis A. Wicker
President of the Senate
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Harold J. Brubaker
Speaker of the House of Representatives