81-13-55 - Expulsion of members.
§ 81-13-55. Expulsion of members.
At any duly held meeting the board of directors, by a two-thirds (2/3) vote of those present may expel from the corporation any member thereof.
Sources: Codes, 1930, § 4257; 1942, § 5418; Laws, 1924, ch. 177; reenacted without change Laws, 1982, ch. 304, § 30; reenacted and amended, 1995, ch. 374, § 29; reenacted without change, Laws, 1997, ch. 368, § 27; reenacted without change, Laws, 2001, ch. 408, § 27, eff from and after July 1, 2001.