Terms Used In North Carolina General Statutes > Chapter 62 > Article 9 - Acquisition and Condemnation of Property

• Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
• Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
• Appraisal: A determination of property value.
• Certificate: means a certificate of public convenience and necessity issued by the Commission to a person or public utility or a certificate of authority issued by the Commission to a bus company. See North Carolina General Statutes 62-3
• Commission: means the North Carolina Utilities Commission. See North Carolina General Statutes 62-3
• Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
• Contract: A legal written agreement that becomes binding when signed.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
• Franchise: means the grant of authority by the Commission to any person to engage in business as a public utility, whether or not exclusive or shared with others or restricted as to terms and conditions and whether described by area or territory or not, and includes certificates, and all other forms of licenses or orders and decisions granting such authority. See North Carolina General Statutes 62-3
• Highway: means any road or street in this State used by the public or dedicated or appropriated to public use. See North Carolina General Statutes 62-3
• Municipality: means any incorporated community, whether designated in its charter as a city, town, or village. See North Carolina General Statutes 62-3
• Person: means a corporation, individual, copartnership, company, association, or any combination of individuals or organizations doing business as a unit, and includes any trustee, receiver, assignee, lessee, or personal representative thereof. See North Carolina General Statutes 62-3
• property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
• public utility: except as otherwise expressly provided in this Chapter, shall not include the following:

  1. See North Carolina General Statutes 62-3

• Route: means the course or way which is traveled; the road or highway over which motor vehicles operate. See North Carolina General Statutes 62-3
• Service: means any service furnished by a public utility, including any commodity furnished as a part of such service and any ancillary service or facility used in connection with such service. See North Carolina General Statutes 62-3
• State: means the State of North Carolina; "state" means any state. See North Carolina General Statutes 62-3