Connecticut § 36a-439a Membership applications. Expulsion of member.

Connecticut Statutes

§ 36a-439a — Membership applications. Expulsion of member.

Connecticut § 36a-439a

Title 36aThe Banking Law of Connecticut

Ch. 667Credit Unions

This text of Connecticut § 36a-439a (Membership applications. Expulsion of member.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 36a-439a (2026).

Text

(a)All applications for membership shall be submitted to the Connecticut credit union. The governing board at a regular meeting shall consider and act upon the membership applications received by the Connecticut credit union subsequent to the previous regular meeting or such applications may be considered and acted upon by the membership officer, if one is appointed by the governing board.

(b)The governing board may expel any member who has not carried out such member's obligations to the Connecticut credit union or who has failed to comply with such credit union's bylaws. No member may be expelled by the governing board until such member has been informed in writing of the charges against such member and has had a reasonable opportunity to be heard thereon.

(c)A Connecticut credit unio

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(a) All applications for membership shall be submitted to the Connecticut credit union. The governing board at a regular meeting shall consider and act upon the membership applications received by the Connecticut credit union subsequent to the previous regular meeting or such applications may be considered and acted upon by the membership officer, if one is appointed by the governing board. (b) The governing board may expel any member who has not carried out such member's obligations to the Connecticut credit union or who has failed to comply with such credit union's bylaws. No member may be expelled by the governing board until such member has been informed in writing of the charges against such member and has had a reasonable opportunity to be heard thereon. (c) A Connecticut credit union may cancel the shares of any member who is expelled, applying the value thereof to such member's indebtedness to the Connecticut credit union. A member of a Connecticut credit union who has been expelled shall not be relieved of any liability to the Connecticut credit union. The Connecticut credit union shall repay the amounts paid in on shares by expelled members, together with any dividends credited to the member's shares, in the order of the member's expulsion, as funds become available therefor, except that the Connecticut credit union may deduct from such payments any sums due it from such member.