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§ 515. Rights and liabilities of terminating members

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 17 Pa.C.S.A. Credit Unions

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 17 Pa.C.S.A. Credit Unions (Refs & Annos)
Chapter 5. Corporate Powers, Duties and Safeguards
17 Pa.C.S.A. § 515
§ 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.

Credits

1990, Dec. 19, P.L. 834, No. 198, § 302, effective in two months.
17 Pa.C.S.A. § 515, PA ST 17 Pa.C.S.A. § 515
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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