Section 10.15.255. Termination of recorded contract.

Latest version.

When a contract recorded under AS 10.15.230 - 10.15.260 has been terminated in any manner, the cooperative shall, upon demand, give a statement of termination to the member party to the contract, who may record the statement in the office of the recorder where the contract was originally recorded. The recorder shall stamp "expired" after the name of the member in the alphabetical record. The fee for the recording and stamping shall be established by the department by regulation.

Notes

History

(Sec. 30(4) ch 107 SLA 1959; am Sec. 42 ch 123 SLA 1980; am Sec. 13 ch 50 SLA 1989)

                    
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