All amounts paid in on shares of an expelled or withdrawing member with any dividends credited to his shares to the date of expulsion or withdrawal shall be paid to said member but only as funds therefor become available and after deducting any amounts due to the corporation by said member. All deposits of an expelled or withdrawing member, with any interest accrued, shall be paid to such member, subject to ninety (90) days' notice, and after deducting any amounts due to the corporation by said member. Said member, when withdrawing shares or deposits, shall have no further right in said credit union or to any of its benefits, but such expulsion or withdrawal shall not operate to relieve such member from any remaining liability to the corporation.
Structure Mississippi Code
Title 81 - Banks and Financial Institutions
§ 81-13-4. Insurance of accounts by National Credit Union Administration
§ 81-13-9. Restriction of term "credit union."
§ 81-13-12. Authorization to operate as federal credit union
§ 81-13-27. Directors, officers; special duty of directors
§ 81-13-37. Shares and deposits of minors and in trust
§ 81-13-39. Authority to lend or invest funds; interest rates
§ 81-13-45. When borrower may repay loan
§ 81-13-51. Portion of net income set apart at close of fiscal year for reserve fund
§ 81-13-55. Expulsion of members
§ 81-13-57. Refunds to expelled or withdrawing members
§ 81-13-59. Voluntary dissolution
§ 81-13-61. Change of place of business