New Hampshire § 383-E:5-511 Grounds for Expulsion

New Hampshire Statutes

§ 383-E:5-511 — Grounds for Expulsion

New Hampshire § 383-E:5-511

Title XXXVBANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS

Ch. 383-ECREDIT UNION ACT

SubdivisionARTICLE 5Directors and Officers

This text of New Hampshire § 383-E:5-511 (Grounds for Expulsion) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 383-E:5-511 (2026).

Text

The board of directors may, after notice and an opportunity to be heard, expel from a credit union any member who:

(a)Has not carried out his engagements with the credit union;

(b)Has been convicted of a criminal offense;

(c)Neglects or refuses to comply with the provisions of this chapter or the bylaws of the credit union;

(d)Habitually neglects to pay his debts;

(e)Shall become insolvent or bankrupt; or

(f)Shall have deceived the credit union or any committee of the credit union with regard to the use of borrowed money.

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The board of directors may, after notice and an opportunity to be heard, expel from a credit union any member who:
(a) Has not carried out his engagements with the credit union;
(b) Has been convicted of a criminal offense;
(c) Neglects or refuses to comply with the provisions of this chapter or the bylaws of the credit union;
(d) Habitually neglects to pay his debts;
(e) Shall become insolvent or bankrupt; or
(f) Shall have deceived the credit union or any committee of the credit union with regard to the use of borrowed money.