C-4 - Savings and Credit Unions Act

Section 26 Disposition versions

1977-12-31

26. The board of directors, after informing a member in writing of the reasons advanced for his suspension or expulsion and affording him an opportunity to be heard, may suspend or expel him for any of the following reasons:

(a)  if he has not discharged his obligations towards the union or has failed to comply with its by-laws;

(b)  if he has twice or oftener presented or issued an order for payment without sufficient funds;

(c)  if he allows a savings account to remain overdrawn despite a notice from the union;

(d)  if he has been convicted of an indictable offence, made an abandonment of property, offered a composition, been declared bankrupt or been interdicted.

The minutes of the meeting of the board of directors at which a member is suspended or expelled shall set forth the facts that gave rise to such decision. Notice of such suspension or dismissal shall be sent to such member, by registered or certified letter, within six days after the decision.

R. S. 1964, c. 293, s. 26; 1975, c. 83, s. 84.