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§ 441-704. Remedies for breach of contract

Oklahoma Statutes AnnotatedTitle 18. Corporations

Oklahoma Statutes Annotated
Title 18. Corporations (Refs & Annos)
Chapter 10A. Uniform Limited Cooperative Association Act (Refs & Annos)
Article 7. Marketing Contracts
18 Okl.St.Ann. § 441-704
§ 441-704. Remedies for breach of contract
REMEDIES FOR BREACH OF CONTRACT.
(a) 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. A provision that so provides is not a penalty.
(b) Upon a breach of a marketing contract, whether by anticipatory repudiation or otherwise, a limited cooperative association may seek:
(1) An injunction to prevent further breach; and
(2) Specific performance.
(c) The remedies in this section are in addition to any other remedies available to an association under law other than the Uniform Limited Cooperative Association Act of 2009.

Credits

Laws 2009, c. 68, § 65, eff. Jan. 1, 2010.
18 Okl. St. Ann. § 441-704, OK ST T. 18 § 441-704
Current with legislation of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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