§ 3204. — 3204. (Added by Stats. 1987, Ch. 680, Sec. 1.)

California § 3204.

• Jurisdiction: California
• Code PUC: Public Utilities Code - PUC
• Div. 1.: DIVISION 1. REGULATION OF PUBLIC UTILITIES
• Part 4.: PART 4. PRODUCTION AND TRANSMISSION OF PUBLIC UTILITY COMMODITIES AND SERVICES
• Ch. 1.: CHAPTER 1. Gas Producers’ Cooperative Associations
• Art. 10.: ARTICLE 10. Marketing Contracts

Text

The bylaws or the marketing contract may fix, as liquidated damages, specific sums to be paid by the member to the association for the breach of any provision of the marketing contract regarding the sale or delivery or withholding of gas and may provide that the member will pay all costs, premiums for bonds, expenses, and fees, if any action is brought upon the contract by the association. These provisions are valid and enforceable in the courts of this state. Provisions for liquidated damages are enforceable as such and shall not be regarded as penalties.

Legislative History

Added by Stats. 1987, Ch. 680, Sec. 1.