Section 6-319 - Expulsion and withdrawal of members. - Maryland Statutes

§ 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. 
 

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