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- Alaska Statutes.
- Title 10. Corporations and Associations
- Chapter 15. Alaska Cooperative Corporation Act
- Section 265. Relief Against Breach or Threatened Breach of Contract and Penalty For Interference.
previous: Section 260
. Recording of List of Terminated Contracts.
next: Section 270
. Action For Civil Penalty For Inducing Breach of Contract With Cooperative or Spreading False Reports About Cooperative.
AS 10.15.265. Relief Against Breach or Threatened Breach of Contract and Penalty For Interference.
- (a) In the event of a breach or threatened breach of a cooperative contract authorized by this chapter, the cooperative is
entitled to an injunction to prevent the breach or a further breach, and to a decree of specific performance of the
contract. Upon filing of a verified complaint showing the breach or threatened breach, and upon filing a sufficient
bond, the cooperative is entitled to a temporary restraining order.
- (b) A person who, with knowledge that a contract exists, induces or attempts to induce a member to breach the contract
with the cooperative, or who in any manner aids a breach of the contract, is liable to the cooperative for damages
caused by the interference. The cooperative is also entitled to an injunction to prevent any interference or further
interference with the contract.
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