Section 10.15.220. Liquidated damages clause in cooperative contracts.

Latest version.

The contract referred to in AS 10.15.215 may fix and require liquidated damages to be paid by the member to the cooperative in the event of a breach of the contract by the member. Liquidated damages may be a percentage of the value or a specified amount per unit of the products, goods or services involved by the breach, or a specific sum.

Notes

History

(Sec. 29(2) ch 107 SLA 1959)

                    
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