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.
Section: Previous 10.15.185 10.15.190 10.15.195 10.15.200 10.15.205 10.15.210 10.15.215 10.15.220 10.15.225 10.15.230 10.15.235 10.15.240 10.15.245 10.15.250 10.15.255 NextLast modified: November 15, 2016