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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 6, § 6-2012: Expulsions and withdrawals

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Where this section sits in the code
  1. OK Code
  2. Title 6

(A) A member may be expelled by a two-thirds (2/3) vote of the

members present at the annual or a special meeting called to

consider the matter, but only after an opportunity has been given to

the member to be heard at said meeting. Any member may withdraw

from the credit union at any time but notice of withdrawal may be

required.

(B) The board of directors may expel a member pursuant to a

written policy adopted by it. All members shall be given written

notice of the terms of any such policy. Any person expelled by the

board shall have the right to request a hearing before it to

reconsider the expulsion.

(C) All amounts paid on shares and deposits on an expelled or

withdrawing member shall, as funds become available and after

deducting all amounts due from the member to the credit union, be

paid to him. Withdrawing or expelled members shall have no further

rights in the credit union but are not, by such expulsion or

withdrawal, released from any remaining liability to the credit

union.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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