Current through 2024 Ky. Acts ch.225
Section 272A.7-040 - Remedies for breach of marketing contract(1) Damages to be paid to a limited cooperative association for breach or anticipatory repudiation of a marketing contract may be liquidated, but only at an amount or under a formula that is reasonable in light of the actual or anticipated harm caused by the breach or repudiation assessed as of the time of the making of the marketing contract. A provision that so provides is not a penalty or otherwise unreasonable.(2) Upon a breach of a marketing contract, whether by anticipatory repudiation or otherwise, a limited cooperative association may seek: (a) An injunction to prevent further breach; and(b) Specific performance.(3) The remedies in this section are in addition to any other remedies available to an association under law other than this chapter.Added by 2012 Ky. Acts ch. 160,§ 53, eff. 7/11/2012.