§ 22C-3. Time of payment to subcontractors after contractor or other subcontractor has been paid. - North Carolina Statutes

§22C‑3.  Time of payment to subcontractors after contractor or othersubcontractor has been paid.

When a subcontractor hasperformed in accordance with the provisions of his contract, the contractorshall pay to his subcontractor and each subcontractor shall pay to hissubcontractor, within seven days of receipt by the contractor or subcontractorof each periodic or final payment, the full amount received for suchsubcontractor's work and materials based on work completed or service providedunder the subcontract.  (1987 (Reg. Sess., 1988), c. 946.)