The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
002
:
THE COOPERATIVE MARKETING ACT; COOPERATIVE ASSOCIATIONS
(Cite as: 11 V.S.A. § 1019)
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§ 1019. Damages
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 or
her 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. Any such provisions shall be valid and enforceable in the courts
of this State. Such clauses providing for liquidated damages shall be enforceable
as such and shall not be regarded as penalties.