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2017 Wisconsin Statutes & Annotations
Chapter 186. Credit unions.
186.13 Expulsion.
Universal Citation: WI Stat § 186.13 (2017)
186.13 Expulsion. If the board of directors adopts a written policy, a credit union may expel a member if the member neglects or refuses to comply with this chapter or the credit union bylaws or if the board has other just cause. The credit union shall provide notice to the member in writing of the reason for expulsion. The notice shall include a description of the member's right to petition the board for reconsideration of the member's expulsion and the time period for the member to petition. If a member petitions the board in writing within 45 days of receipt of the expulsion notice, the board shall reconsider the expulsion within 90 days after the date of the expulsion notice.
History: 1971 c. 193; 1981 c. 156; 1995 a. 151; 1997 a. 152; 2015 a. 304.
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