Maryland Financial Institutions Section 6-319

Article - Financial Institutions

§ 6-319.

      (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 person expelled by the board may request a reconsideration of the expulsion.



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