GroundRules
18 GCA § 12106: Duration of Membership. Withdrawal.
Where this section sits in the code
- Title 18: Business Structure and Function
- Division 1 - Business Structure
- Part 2 - Special Corporate Forms
- Chapter 12: Industrial Development Corporations
Membership in the corporation shall be for the duration of the corporation; provided that upon written notice given to the corporation five (5) years in advance, a member may withdraw from membership in the corporation at the expiration date of such notice.
A member shall not be obligated to make any loans to the corporation pursuant to calls made subsequent to notice of the intended withdrawal of said member.
Collected 2026-09-27T03:53:48Z. Source file · JSON