Remedies for Breach of Contract

(a)Damages to be paid to a limited cooperative association for breach or anticipatory repudiation of a marketing contract may be liquidated, but only at an amount or under a formula that is reasonable in light of the actual or anticipated harm caused by the breach or repudiation. A provision that so provides is not a penalty.

(b)Upon a breach of a marketing contract, whether by anticipatory repudiation or otherwise, a limited cooperative association may seek:

(1)an injunction to prevent further breach; and

(2)specific performance.

(c)The remedies in this Section are in addition to any other remedies available to an association under law other than this Act. ARTICLE 8 DIRECTORS AND OFFICERS