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C-67.3 - Act respecting financial services cooperatives
Section 204
Disposition versions
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204. The board of directors, after informing a member in writing of the grounds invoked for the member’s suspension or expulsion and giving the member an opportunity to present observations, may suspend or expel the member if the member
(1) does not comply with the by-laws of the credit union;
(2) fails to fulfil the member’s undertakings toward the credit union;
(3) on two or more occasions, presents or issues a cheque without sufficient funds;
(4) despite a notice from the credit union, allows a savings account to remain overdrawn.
