Alaska Statutes.
Title 10. Corporations and Associations
Chapter 15. Alaska Cooperative Corporation Act
Section 220. Liquidated Damages Clause in Cooperative Contracts.
previous: Section 215. Permitted Purposes of Cooperative Contracts.
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AS 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.

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