32-4-303: Withdrawal of membership.
Where this section sits in the code
- TITLE 32. FINANCIAL INSTITUTIONS
- CHAPTER 4. DEVELOPMENT CORPORATION ACT
- Part 3. Operation and Regulation
(1) Membership in the corporation shall be for the duration of the corporation, provided that, upon written notice given to the corporation 2 years in advance, a member may withdraw from membership in the corporation at the expiration date of such notice.
(2) A member shall not be obligated to make any loans to the corporation pursuant to calls made subsequent to the withdrawal of said member.
Collected 2026-09-14T04:52:00Z. Source file · JSON