GroundRules
AS 10.15.220: Liquidated damages clause in cooperative contracts.
Where this section sits in the code
- Title 10. Corporations and Associations.
- Chapter 15. Alaska Cooperative Corporation Act.
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.
Collected 2026-09-02T06:16:39Z. Source file · JSON