Alaska Stat. § 10.15.220

Current through Chapter 26 of the Legislative Session (excluding Chapter 21)
Section 10.15.220 - Liquidated damages clause in cooperative contracts

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.

AS 10.15.220