N.H. Rev. Stat. § 383-E:5-511

Current through the 2024 Legislative

Section 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.

RSA 383-E:5-511

Added by 2015, 272:16, eff. 10/1/2015.

2015, 272:16, eff. Oct. 1, 2015.