§ 24.36.290. Appraisal of expelled member's property -- Payment
In case of the expulsion of a member, and where the bylaws do not provide any procedure or penalty, the board of directors shall equitably and conclusively appraise his property interest in the association and shall fix the amount thereof in money, which shall be paid to him within one year after such expulsion.
[1959 c 312 § 29.]
Sections: Previous 24.36.220 24.36.230 24.36.240 24.36.250 24.36.260 24.36.270 24.36.280 24.36.290 24.36.300 24.36.310 24.36.320 24.36.330 24.36.340 24.36.350 24.36.360 NextLast modified: April 7, 2009