§ 6-319. Expulsion and withdrawal of members

   (a) Expulsion. -- Subject to the applicable provisions of the bylaws, the board may expel any member of the credit union who:

   (1) Defaults on the payment of any monetary obligation to the credit union;

   (2) Is convicted of a criminal offense involving dishonesty or breach of trust;

   (3) Neglects or refuses to comply with the provisions of this title or of the bylaws of the credit union;

   (4) Habitually neglects to pay debts or becomes insolvent or bankrupt; or

   (5) Subject to the provisions of subsection (b) of this section, violates a written expulsion policy adopted by the board.

(b) Notice of expulsion policy; reconsideration of expulsions. --

   (1) The board shall post conspicuously at each office of the credit union a notice of any expulsion policy adopted by the board.

   (2) A person expelled by the board may request a reconsideration of the expulsion.

HISTORY: CA § 6-322; 1980, ch. 33, § 2; 1992, ch. 445; 2001, ch. 147, § 1; ch. 148, § 1.