New York Laws
Article 11 - Credit Unions
464 - Manner of Withdrawal; Expulsion or Suspension of Members; Effect Upon Liabilities to Credit Unions.

(a) Except as provided in paragraph (b) of this subdivision, a member
shall not be expelled or suspended unless he or she has been informed in
writing of the charges against him or her and has been provided the
opportunity to be heard within thirty days of the date of the mailing or
delivery of such written notice.
(b) In the case of a member who has been physically abusive or who has
made threats of physical harm or violence, such member may be suspended
or expelled from the date of the mailing or delivery of a written notice
of such action and the reasons for the suspension or expulsion. As part
of such notice, the member shall be advised of the opportunity to
request reinstatement and to be heard within thirty days of the date of
the mailing or delivery of such notice.
3. Any member of a credit union who withdraws or is suspended or
expelled shall not be relieved of any liability to the corporation. The
amounts paid in on shares or deposited by such members, together with
any dividends credited to their shares and any interest which has
accrued on their deposits, shall be repaid to them in the order of their
withdrawal, suspension or expulsion, as funds become available therefor,
but the credit union may deduct from such payments any sums due it from
such members.

Structure New York Laws

New York Laws

BNK - Banking

Article 11 - Credit Unions

450 - Incorporation; Organization Certificate.

450-A - Designation of Low Income Credit Union.

450-B - Designation of Student Branches.

451 - Proposed Bylaws.

451-A - Qualifications for Membership.

452 - When Corporate Existence Begins; Conditions Precedent to Commencing Business.

453 - Corporate Credit Unions.

454 - General Powers.

455 - Trust Powers.

456 - Limitations Upon Powers.

457 - Capital.

458-A - Maintenance of Reserves.

459 - Allowance for Loan Loss.

460 - Dividends to Shareholders; Conditions Precedent.

461 - Change of Location; Estblishment of Stations; Extension or Revival of Corporate Existence.

462 - Foreign Credit Unions.

463 - Exemptions and Individual Liability of Shareholders.

464 - Manner of Withdrawal; Expulsion or Suspension of Members; Effect Upon Liabilities to Credit Unions.

465 - Withdrawal of Shares After Voting to Liquidate; Notices to Shareholders.

466 - Meetings of Shareholders; Voting.

467 - Qualifications and Disqualifications of Directors and Committee Members.

468 - Oaths of Directors; Officers and Members of Committees.

469 - Vacancies; Change in Number of Directors.

470 - Powers and Duties of Directors; Not Entitled to Compensation; Disqualification of Directors.

471 - Duty of Directors and Officers.

472 - Special Duties of Directors.

473 - Loan Officers, Credit Committee; Duties.

474 - Loan Reports to Directors.

475 - Supervisory Committee; Powers and Duties.

476 - Officers; Powers and Duties.

477 - Retirement and Insurance Benefits for Officers and Employees.

478 - Amendment of Bylaws; Approval of Superintendent.

479 - Credit Union Not Liable for Taxation.

480 - Fiscal Year.

481 - Communications From Department of Financial Services Must Be Submitted to Directors and Supervisory Committee, and Noted in the Minutes.

482 - Reports to Superintendent; Penalty for Failure to Make.

483 - Penalty for Loans to Non-Members; Recovery.

484 - Penality for Use of Term "Credit Union".

485 - Entries in Books; Preservation of Records.

486 - Conversion of a Federal Credit Union Into a State Credit Union.

486-A - Retention of Special Additional Mortgage Recording Tax Exemption for Converted Federal Credit Unions.

487 - Conversion of a Credit Union Into a Federal Credit Union.

487-A - Conversion of a Credit Union Into a Mutual Savings Bank.