|
|
Court OpinionsState LawsUS CodeUS Constitution |
Expulsion and withdrawal - 17 Pa. Cons. Stat. § 705Legal Research Home > Pennsylvania Statutes
§ 705. Expulsion and withdrawal.
(a) Expulsion.--A member may be expelled:
(1) by a vote of a majority of the members present at a
regular or a special meeting called to consider the matter at
which a quorum, as provided in the bylaws, is present but
only after a hearing after due notice to the member of the
time and place of the meeting and of the reason or reasons
for such proposed expulsion; or
(2) by a vote of a two-thirds majority of the board of
directors present at a regular or special meeting called to
consider the matter if:
(i) the board has given the member notice of the
meeting and of the reason for proposed expulsion;
(ii) there is a quorum, as provided in the bylaws,
present at the meeting; and
(iii) there is a hearing on the matter at the
meeting.
(b) Withdrawal.--Any member may withdraw from the credit
union at any time, but notice of withdrawal may be required.
Section: Previous 515 516 517 701 702 703 704 705 706 707 708 709 710 711 712 Next
Last modified: November 27, 2007 |