21-1748 Termination of members. - Nebraska Statutes

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Statutes > Nebraska > Chapter21 > 21-1748

21-1748. Termination of members.(1) A member may voluntarily terminate his or her membership at any time in the way and manner provided in the bylaws.(2) Termination of membership shall not serve to relieve a person from any liability to the credit union nor shall it be the basis for accelerating any obligation not in default. A terminated member shall be paid all sums in any of his or her share accounts without maturity dates within thirty calendar days. Sums in any share account with a maturity date shall not be paid prior to maturity unless the member specifically requests the funds. The credit union shall not be required to pay any funds from a share account to the extent that they secure loans and other obligations owing to the credit union. SourceLaws 1996, LB 948, § 48.

State Codes and Statutes

Statutes > Nebraska > Chapter21 > 21-1748

21-1748. Termination of members.(1) A member may voluntarily terminate his or her membership at any time in the way and manner provided in the bylaws.(2) Termination of membership shall not serve to relieve a person from any liability to the credit union nor shall it be the basis for accelerating any obligation not in default. A terminated member shall be paid all sums in any of his or her share accounts without maturity dates within thirty calendar days. Sums in any share account with a maturity date shall not be paid prior to maturity unless the member specifically requests the funds. The credit union shall not be required to pay any funds from a share account to the extent that they secure loans and other obligations owing to the credit union. SourceLaws 1996, LB 948, § 48.

State Codes and Statutes

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State Codes and Statutes

Statutes > Nebraska > Chapter21 > 21-1748

21-1748. Termination of members.(1) A member may voluntarily terminate his or her membership at any time in the way and manner provided in the bylaws.(2) Termination of membership shall not serve to relieve a person from any liability to the credit union nor shall it be the basis for accelerating any obligation not in default. A terminated member shall be paid all sums in any of his or her share accounts without maturity dates within thirty calendar days. Sums in any share account with a maturity date shall not be paid prior to maturity unless the member specifically requests the funds. The credit union shall not be required to pay any funds from a share account to the extent that they secure loans and other obligations owing to the credit union. SourceLaws 1996, LB 948, § 48.