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Alaska Statutes.
Title 10. Corporations and Associations
Chapter 15. Alaska Cooperative Corporation Act
Section 255. Termination of Recorded Contract.
previous: Section 250. Effect of Recording Contract.
next: Section 260. Recording of List of Terminated Contracts.

AS 10.15.255. Termination of Recorded Contract.

When a contract recorded under AS 10.15.230 - 10.15.260 has been terminated in any manner, the cooperative shall upon demand, give a statement of termination to the member party to the contract, who may record the statement in the office of the recorder where the contract was originally recorded. The recorder shall stamp "expired" after the name of the member in the alphabetical record. The fee for the recording and stamping shall be established by the department by regulation.


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Last modified 9/3/2005