Alaska Statutes 10.15.270 – Action for civil penalty for inducing breach of contract with cooperative or spreading false reports about cooperative
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 10.15.270
- action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
- Contract: A legal written agreement that becomes binding when signed.
- cooperative: means a cooperative corporation subject to the provisions of this chapter. See Alaska Statutes 10.15.595
- member: means a person who has been qualified and accepted for membership in a cooperative. See Alaska Statutes 10.15.595
- person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
In addition to the remedies provided in Alaska Stat. § 10.15.265(b), a person who knowingly and maliciously induces or attempts to induce a member of a cooperative to breach a contract with the cooperative authorized by this chapter, or who knowingly or maliciously spreads a false report about the finances or management of a cooperative is liable, in a civil action, to the cooperative aggrieved, in the penal sum of $500 for each offense.