A member may be expelled by a two-thirds vote of the members of a credit union present at a special meeting called for the purpose, but only after the member has been given an opportunity to be heard. Withdrawal or expulsion of a member does not discharge the liability of the member to the credit union. The amount to be paid a withdrawing or expelled member by a credit union shall be determined and paid in the manner specified in the bylaws.
Structure Alaska Statutes
Title 6. Banks and Financial Institutions
Chapter 45. Alaska Credit Union Act
Sec. 06.45.010. Responsibility of commissioner.
Sec. 06.45.020. Formation of credit union.
Sec. 06.45.030. Approval of articles of incorporation and issuance of certificate of authority.
Sec. 06.45.050. Reports and examinations.
Sec. 06.45.060. Powers of a credit union; remedy for interest violations.
Sec. 06.45.080. Meetings of members.
Sec. 06.45.090. Management of credit union.
Sec. 06.45.110. Executive officers.
Sec. 06.45.120. Board of directors.
Sec. 06.45.130. Applications for membership.
Sec. 06.45.140. Powers and duties of credit committee.
Sec. 06.45.150. Loan restriction.
Sec. 06.45.170. Powers and duties of supervisory committee; suspension of committee members.
Sec. 06.45.200. Expulsion and withdrawal of members.
Sec. 06.45.210. Minors or trusts.
Sec. 06.45.220. Suspension, conditional operation, and liquidation.
Sec. 06.45.230. Exemption from taxation.
Sec. 06.45.250. Insurance of member accounts.
Sec. 06.45.260. Liquidity facility participation.
Sec. 06.45.270. Conflict of interest.
Sec. 06.45.290. Branch offices.
Sec. 06.45.295. Automated teller machines.
Sec. 06.45.300. Unauthorized conduct of credit union business.
Sec. 06.45.310. Transfer of credit union's property to preferred creditor is void.