All amounts paid in on shares of an expelled or withdrawing member with any dividends credited to his shares to the date of expulsion or withdrawal shall be paid to said member but only as funds therefor become available and after deducting any amounts due to the corporation by said member. All deposits of an expelled or withdrawing member, with any interest accrued, shall be paid to such member, subject to ninety (90) days’ notice, and after deducting any amounts due to the corporation by said member. Said member, when withdrawing shares or deposits, shall have no further right in said credit union or to any of its benefits, but such expulsion or withdrawal shall not operate to relieve such member from any remaining liability to the corporation.
Miss. Code Ann. § 81-13-57
Refunds to expelled or withdrawing members
Codes, 1930, § 4258; 1942, § 5419; Laws, 1924, ch. 177; reenacted without change, Laws, 1982, ch. 304, § 3; reenacted, Laws, 1995, ch. 374, § 30; reenacted without change, Laws,…
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.