Nebraska § 21-1748 Termination of members

Nebraska Statutes

§ 21-1748 — Termination of members

Nebraska·Ch. 21 Corporations and Other Companies

(1)A member may voluntarily terminate his or her membership at any time in the way and manner provided in the bylaws.

(2)Termination of membership shall not serve to relieve a person from any liability to the credit union nor shall it be the basis for accelerating any obligation not in default. A terminated member shall be paid all sums in any of his or her share accounts without maturity dates within thirty calendar days. Sums in any share account with a maturity date shall not be paid prior to maturity unless the member specifically requests the funds. The credit union shall not be required to pay any funds from a share account to the extent that they secure loans and other obligations owing to the credit union.

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(1) A member may voluntarily terminate his or her membership at any time in the way and manner provided in the bylaws.
(2) Termination of membership shall not serve to relieve a person from any liability to the credit union nor shall it be the basis for accelerating any obligation not in default. A terminated member shall be paid all sums in any of his or her share accounts without maturity dates within thirty calendar days. Sums in any share account with a maturity date shall not be paid prior to maturity unless the member specifically requests the funds. The credit union shall not be required to pay any funds from a share account to the extent that they secure loans and other obligations owing to the credit union.

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