BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
CREDIT UNION ACT
Directors and Officers
383-E:5-511 Grounds for Expulsion.
The board of directors may, after notice and an opportunity to be heard, expel from a credit union any member who:
(a) Has not carried out his engagements with the credit union;
(b) Has been convicted of a criminal offense;
(c) Neglects or refuses to comply with the provisions of this chapter or the bylaws of the credit union;
(d) Habitually neglects to pay his debts;
(e) Shall become insolvent or bankrupt; or
(f) Shall have deceived the credit union or any committee of the credit union with regard to the use of borrowed money.
Source. 2015, 272:16, eff. Oct. 1, 2015.