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2017 South Carolina Code of Laws
Title 34 - Banking, Financial Institutions and Money
CHAPTER 27 - COOPERATIVE CREDIT UNIONS
Section 34-27-180. Settlement with withdrawing or expelled member.
Universal Citation: SC Code § 34-27-180 (2017)
The amounts paid in on shares by members who have withdrawn or who have been expelled shall be paid to them, less all accrued interest and other gains or profits, but in order of withdrawal or expulsion and only as funds therefor become available, and after deducting any amounts due by the members to the credit union, but such expulsion shall not operate to relieve a member from any remaining liability to the credit union.
HISTORY: 1962 Code Section 8-667; 1952 (47) 1950; 1961 (52) 175.
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