Section 394-B:37 Grounds for Expulsion.
The board of directors may, after notice and an opportunity to be heard, expel from a credit union any member who:
I. Has not carried out his engagements with the credit union;
II. Has been convicted of a criminal offense;
III. Neglects or refuses to comply with the provisions of this chapter or the bylaws of the credit union;
IV. Habitually neglects to pay his debts;
V. Shall become insolvent or bankrupt; or
VI. Shall have deceived the credit union or any committee of the credit union with regard to the use of borrowed money.
Source. 1983, 195:1, eff. Aug. 14, 1983.