§ 441-704. Remedies for breach of contract
Oklahoma Statutes AnnotatedTitle 18. Corporations
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.
Credits
Laws 2009, c. 68, § 65, eff. Jan. 1, 2010.
18 Okl. St. Ann. § 441-704, OK ST T. 18 § 441-704
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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