{"data":{"id":"us-ak/as-10.15.220","jurisdiction":"us-ak","citation":"AS 10.15.220","heading":"Liquidated damages clause in cooperative contracts.","body":"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.","path":["Title 10. Corporations and Associations.","Chapter 15. Alaska Cooperative Corporation Act."],"source_url":"https://www.akleg.gov/basis/statutes.asp#10.15.220","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:39Z","sha256":"14bb40863516987c8de8f3fb1a454ce439396d0f3ddeb2770ca020720bb289fa","source_id":"us-ak","stale":false,"prev":"us-ak/as-10.15.215","next":"us-ak/as-10.15.225"},"notice":"GroundRules: Original legal text. Not legal advice."}