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Rights and liabilities of terminating members - 17 Pa. Cons. Stat. § 515

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     § 515.  Rights and liabilities of terminating members.
        All amounts paid on shares of an expelled or withdrawing
     member, with any dividends accredited thereto to the date
     thereof, shall, as funds become available and after deducting
     all amounts due from the member to the credit union, be paid to
     him. The credit union may require 60 days' notice of intention
     to withdraw shares. Withdrawing or expelled members shall have
     no further rights in the credit union, but they shall not by
     such withdrawal or expulsion be released from any remaining
     liability to the credit union.

Last modified: November 27, 2007