Action for civil penalty for inducing breach of contract with cooperative or spreading false reports about cooperative.

  1. Law
  2. Alaska Statutes
  3. Corporations and Associations
  4. Alaska Cooperative Corporation Act
  5. Substantive Provisions.
  6. Action for civil penalty for inducing breach of contract with cooperative or spreading false reports about cooperative.

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In addition to the remedies provided in AS 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.


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