§ 26-909. Penalty provisions in contracts prohibited.

Current through October 23, 2012

In any contract made in pursuance of the provisions of this chapter it shall be unlawful to incorporate any provision for liquidated or other damages as a penalty for any default or forfeiture thereunder.

                
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(Feb. 4, 1913, 37 Stat. 660, ch. 26, § 9.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 26-709.

1973 Ed., § 26-609.