Maryland Statutes

§ 6-319

Maryland·Article gfi Financial Institutions·Title 6
(a)Subject to the applicable provisions of the bylaws, the board may expel any member of the credit union who:
(1)Defaults on the payment of any monetary obligation to the credit union;
(2)Is convicted of a criminal offense involving dishonesty or breach of trust;
(3)Neglects or refuses to comply with the provisions of this title or of the bylaws of the credit union;
(4)Habitually neglects to pay debts or becomes insolvent or bankrupt; or
(5)Subject to the provisions of subsection (b) of this section, violates a written expulsion policy adopted by the board.
(b)(1) The board shall post conspicuously at each office of the credit union a notice of any expulsion policy adopted by the board.
(2)A pers

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