Ceasing to be a Member Sample Clauses
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Ceasing to be a Member. Upon any Member's death, expulsion, resignation, dissolution, incompetency, or bankruptcy, such person or entity shall cease to be a Member. Any payment made to a Member's successor in interest, personal representative, executor, or administrator shall acquit the Company of any and all liability to such Member and to any such person as may be interested in any such payment by reason of such Member's death, expulsion, resignation, dissolution, incompetency, or bankruptcy.
Ceasing to be a Member. (a) Unless the Board otherwise determines, a Member’s membership terminates automatically if:
(i) the Member, being a natural person, dies;
(ii) the Member, being a natural person, is convicted of an indictable offence, is declared bankrupt or becomes a person of unsound mind or a person whose person or estate is liable to be dealt with in any way under the law relating to mental health; or
(iii) where a Member is required to pay the Membership Fee under clause 4.2, a Member’s Membership Fee for the then-current membership year remains unpaid as at the 1 September after the 1 July date on which that Membership Fee was due.
(b) Subject to this Constitution and the Corporations Act, the Board may at any time and from time to time determine, at its sole discretion and without having to give reasons for its determination, to terminate a Member's membership and remove the name of that Member from the Register if:
(i) in the opinion of the Board, the Member ceases to be eligible for membership of ACON Health;
(ii) if the Member being a body corporate goes into liquidation whether voluntarily or compulsory except for the purposes of reconstruction or amalgamation, or an order is made by a court for the winding up or deregistration of the Member;
(iii) the Member’s actions, interests or primary business is, in the opinion of the Board, contrary, prejudicial or detrimental to the interests or reputation of ACON Health or its Members or contrary to the Objects of ACON Health (or the Member becomes controlled or influenced by, or connected to, any such person(s), as the case may be); or
(iv) the Board is of the opinion that the Member has persistently refused to perform its obligations to ACON Health or conducted itself so as to bring discredit on ACON Health or to disrupt the activities of ACON Health and to make continued membership undesirable in the interests of ACON Health or the other Members.
(c) In the case of clause 6.2(b)(i), (iii) and (iv), the Board shall not deliberate upon any motion for the removal of a Member until at least 7 days after the Member has been notified of the Board’s intention to consider terminating the Member’s membership. The Member shall be entitled to respond either in writing delivered to the Secretary prior to the date on which the Board is to deliberate on such motion or by appearing before the Board immediately prior to the meeting of Directors to deliberate on such motion, after which the Board shall determine whether to termina...
Ceasing to be a Member. 8.4.1 Any Co-operative shall cease to be a Member:
a. If they do not hold a valid lease of land and buildings from the Company within 12 months of registration of the Company; or
b. On the termination of all the leases they hold with the Company; or
c. On resignation; or
d. On being dissolved or otherwise ceasing to exist, becoming insolvent or having a liquidator, receiver or manager appointed; or
e. If they do not hold a valid lease of land and buildings from the Company pursuant to a current Company Co-operative Agreement. _________________________________________________________________________
Ceasing to be a Member. A Member shall cease to be a Member only when (a) the Member suffers an Event of Dissociation; or (b) the Member’s entire Member Units and Interests are transferred under Section 10.1 or Article 12 hereof. Except as provided in this Section 3.4, neither the Company nor any Member shall have the right to remove any other Member.
Ceasing to be a Member. A member shall cease to be a member only upon: (a) the voluntary transfer or assignment of all of such member’s interest in the Company; or (b) to the extent that a written operating agreement cannot provide otherwise, an event which, under the Act, terminates the continued membership of a member of a Delaware limited liability company.
Ceasing to be a Member. Any Person admitted as a Member pursuant to Section 3.2 or 3.3 or Article IV shall cease to be a Member, and shall cease to have the rights of a Member, under this Agreement at such time such Person no longer owns, beneficially and of record, any Membership Units, but such Person shall remain bound by the terms of Article X and Article XII and shall remain liable under this Agreement to the extent expressly set forth herein.