When a contract recorded under AS 10.15.230 — 10.15.260 has been terminated in any manner, the cooperative shall, upon demand, give a statement of termination to the member party to the contract, who may record the statement in the office of the recorder where the contract was originally recorded. The recorder shall stamp “expired” after the name of the member in the alphabetical record. The fee for the recording and stamping shall be established by the department by regulation.
AS 10.15.255
Termination of recorded contract
Known as the Alaska Cooperative Corporation Act
The act spans §§ 10–10 (121 sections).
Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.