New Hampshire Statutes
§ 301:32 — Damages, Etc
New Hampshire·Title XXVII CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS·Ch. 301 COOPERATIVE MARKETING AND RURAL ELECTRIFICATION ASSOCIATIONS·Subdivision Association Contracts
The bylaws or the marketing contract may fix, as liquidated damages, a specific sum to be paid by a member or stockholder to the association upon the breach by him of any provision of the marketing contract regarding the sale or delivery or withholding of products; and may further provide that the member shall pay all costs, premiums for bonds, expenses and fees, in case any action is brought upon the contract by the association; and any such provisions shall be valid and enforceable in the courts of this state; and such clauses providing for liquidated damages shall be enforceable as such and shall not be regarded as penalties.
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Legislative History
1925, 33:15. PL 224:32. RL 273:32.
Nearby Sections
15
§ 301:1
Definitions§ 301:10
Adoption§ 301:11
Subject Matter§ 301:12
Regular§ 301:13
Special§ 301:14
Notice§ 301:15
Number; Qualifications§ 301:16
Election§ 301:17
Primaries§ 301:18
Nonmember Directors§ 301:19
Vacancies§ 301:2
Incorporators§ 301:20
Directors' Contracts§ 301:21
Executive Committee§ 301:22
Election; Powers