Common use of Bylaw Requirements Clause in Contracts

Bylaw Requirements. The par value of a regular share in this Credit Union is $5.00. You must complete payment of one regular share in your Regular Savings Account as a condition of admission to membership. A member who fails to complete payment of one share of his admission to membership, or a member who reduces his share balance below the par value of one share and does not increase the balance to at least the par value of one share of the reduction may be terminated from membership at the end of a dividend period. Shares may be transferred only from one member to another, by written instrument in such form as the Credit Union may prescribe. The Credit Union reserves the right, at any time, to require members to give, in writing, not more than 60 days of notice of intention to withdraw the whole or any part of the amounts so paid in by them. No member may withdraw shareholdings that are pledged as required on security on loans without the written approval of the credit committee or a loan officer, except to the extent that such shares exceed the member’s total primary and contingent liability to the Credit Union. No member may withdraw any shareholdings below the amount of his/her primary or contingent liability to the Credit Union if he/she is delinquent as a borrower, or if borrowers for whom he/she is co maker, endorser, or guarantor are delinquent, without the written approval of the credit committee or loan officer.

Bylaw Requirements. The par value of a regular share in this Credit Union is $5.00. You must complete payment of one regular share in your Regular Savings Account as a condition of admission to membership. A member who fails to complete payment of one share of his admission to membership, or a member who reduces his share balance below the par value of one share and does not increase the balance to at least the par value of one share of the reduction may be terminated from membership at the end of a dividend period. Shares may be transferred only from one member to another, by written instrument in such form as the Credit Union may prescribe. The Credit Union reserves the right, at any time, to require members to give, in writing, not more than 60 days of notice of intention to withdraw the whole or any part of the amounts so paid in by them. No member may withdraw shareholdings that are pledged as required on security on loans without the written approval of the credit committee or a loan officer, except to the extent that such shares exceed the member’s total primary and contingent liability to the Credit Union. No member may withdraw any shareholdings below the amount of his/her primary or contingent liability to the Credit Union if he/she is delinquent as a borrower, or if borrowers for whom he/she is co maker, endorser, or guarantor are delinquent, without the written approval of the credit committee or loan officer.

Bylaw Requirements. The par value shareholdings of a regular share in this Credit Union is $5.00. You must complete payment of one regular share in your Regular Savings Account as a condition of admission to membership. A member Member who fails to complete payment of one share within 6 months of his admission to membership, or within 6 months from the increase in the par value in shares, or a member Member who reduces his share balance below the par value of one share and does not increase the balance to at least the par value of one share within 6 months of the reduction reduction, may be terminated from membership at absorbed by a late charge upon authorization of the end of a dividend period. Shares may be transferred only from one member to another, by written instrument in such form as the Credit Union may prescribeBoard. The Credit Union reserves the right, at any time, to require members Members to give, in writing, not more than 60 days of notice of intention to withdraw the whole or any part of the amounts so paid in by themthem except for those amounts paid into checking accounts. Shares paid in under an accumulated payroll deduction plan may not be withdrawn until credit to a Member’s account. No member Member may withdraw shareholdings that are pledged as required on security on loans without the written approval of the credit committee Credit Committee or a loan officer, except to the extent that such shares exceed the memberMember’s total primary and contingent liability to the Credit Union. No member Member may withdraw any shareholdings except for those amounts paid into checking accounts below the amount of his/her primary or contingent liability to the Credit Union if he/she is delinquent as a borrower, or if borrowers for whom he/she is co co-maker, endorser, or guarantor are delinquent, without the written approval of the credit committee Credit Committee or loan officer.

Bylaw Requirements. The par value shareholdings of a regular share in this Credit Union is $5.00. You must complete payment of one regular share in your Regular Savings Account as a condition of admission to membership. A member Member who fails to complete payment of one share within 6 months of his admission to membership, or within 6 months from the increase in the par value in shares, or a member Member who reduces his share balance below the par value of one share and does not increase the balance to at least the par value of one share within 6 months of the reduction reduction, may be terminated from membership at absorbed by a late charge upon authorization of the end of a dividend period. Shares may be transferred only from one member to another, by written instrument in such form as the Credit Union may prescribeBoard. The Credit Union reserves the right, at any time, to require members Members to give, in writing, not more than 60 days of days’ notice of intention to withdraw the whole or any part of the amounts so paid in by themthem except for those amounts paid into checking accounts. Shares paid in under an accumulated payroll deduction plan may not be withdrawn until credit to a Member’s account. No member Member may withdraw shareholdings that are pledged as required on security on loans without the written approval of the credit committee Credit Committee or a loan officer, except to the extent that such shares exceed the memberMember’s total primary and contingent liability to the Credit Union. No member Member may withdraw any shareholdings except for those amounts paid into checking accounts below the amount of his/her primary or contingent liability to the Credit Union if he/she is delinquent as a borrower, or if borrowers for whom he/she is co co-maker, endorser, or guarantor are delinquent, without the written approval of the credit committee Credit Committee or loan officer.

Bylaw Requirements. The par value of a regular share in this Credit Union is $5.00. You must complete payment of one regular share in your Regular Savings Account as a condition of admission to membership. A member who fails to complete payment of one share of his admission to membership, or a member who reduces his share balance below the par value of one share and does not increase the balance to at least the par value of one share of the reduction may be terminated from membership at the end of a dividend period. Shares may be transferred only from one member to another, by written instrument in such form as the Credit Union may prescribe. The Credit Union reserves the right, at any time, to require members to give, in writing, not more than 60 sixty (60) days of notice of intention to withdraw the whole or any part of the amounts so paid in by them. No member may withdraw shareholdings that are pledged as required on security on loans without the written approval of the credit committee or a loan officer, except to the extent that such shares exceed the member’s total primary and contingent liability to the Credit Union. No member may withdraw any shareholdings below the amount of his/her primary or contingent liability to the Credit Union if he/she is delinquent as a borrower, or if borrowers for whom he/she is co maker, endorser, or guarantor are delinquent, without the written approval of the credit committee or loan officer.