BYLAW REQUIREMENTS definition

BYLAW REQUIREMENTS. A Member who fails to complete payment of one share within 2 months of his/her admission to membership, or within 2 months from the increase in the par value in shares, or a Member who reduces his/her 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 2 months 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 we may prescribe. We reserve the right, at any time, to require Members to give, in writing, not more than 60 days’ 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 for security on loans without the written approval of a loan officer, except to the extent such shares exceed the Member’s total primary and contingent liability to us. No Member may withdraw any shareholdings below the amount of his/her primary or contingent liability to us if he/she is delinquent as a borrower, or if borrowers for whom he/she is comaker, endorser, or guarantor are delinquent, without the written approval of a loan officer. The maximum amount of shares which may be held by any one Member shall be established from time to time by the board.
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BYLAW REQUIREMENTS. A Member who fails to complete payment of one share within 2 months of his/her admission to membership, or within 2 months from the increase in the par value in shares, or a Member who reduces his/her 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 2 months 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 we may prescribe. We reserve the right, at any time, to require Members to give, in writing, not more than 60 days’ 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 for security on loans. No Member may withdraw any shareholdings below the amount of his/her primary or contingent liability to us if he/she is delinquent as a borrower, or if borrowers for whom he/she is comaker, endorser, or guarantor are delinquent. PAR VALUE MINIMUM DEPOSIT AND BALANCE INFORMATION: The par value of a regular share is $5.00. You must open a Primary Savings Account to open any subsequent accounts. A 90-day waiting period is required before re-opening a Primary Savings account closed by you. Accounts will be re-opened at Olive View Federal Credit Union’s discretion. OVERDRAFT FEE According to applicable law and Regulations, a check, ACH debit, ATM withdrawal or POS transaction that is presented to the Credit Union for payment on your account when the account has insufficient funds available to pay that item may, at our option, be returned for insufficient funds or we may pay the item and charge you a fee (refer to the Schedule of Fees). EXAMINATION OF PERIODIC STATEMENTS: You are responsible for the examination of your statements and reporting any irregularities to us. If you think your statement has an error, notify us in writing no later than 60 days (30 days for checks) after we sent you the first statement on which the error or problem appears. DELIVERY OF PERIODIC STATEMENTS: Your periodic statements may be delivered as a paper statement by U.S. Mail, or electronically using the eStatements service when available on Virtual Branch. Electronic delivery is a paper statement replacement and requires:
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BYLAW REQUIREMENTS. A member who fails to complete payment of one (1) share within six (6) months of member admission to membership, or within six (6) months from the increase in the par value in shares, or a member who reduces his share balance below the par value of one (1) share and does not increase the balance to at least the par value of one share within six (6) months of the reduction may be terminated from membership at the end of a dividend period.
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Examples of BYLAW REQUIREMENTS in a sentence

  • BYLAW REQUIREMENTS - The payment of one share, par value of $5.00, to your Share Savings account is payable at the time of admission to membership.

  • CONSTRUCTION MANAGEMENT DEVELOPER TO PREPARE AND IMPLEMENT CONSTRUCTION MANAGEMENT PLAN SATISFACTORY TO TOWN GENERAL BYLAW REQUIREMENTS XXXXX POINT ROAD UPGRADES TO BYLAW 1175 STANDARDS ON XXXXX POINT ROAD FRONTAGE OF DEVELOPMENT SITE, INCLUDING WATER MAIN REPLACEMENT TO 250 MM DIAMETER AND RECONSTRUCTION OF STORM SEWER, NO DCC CREDITS OR LATECOMER CHARGES DEVELOPMENT COST CHARGES PER BYLAW 670 DEVELOPMENT PERMITS – DPA 1,2,5,9 INCLUDING ANY RELATED S.

Related to BYLAW REQUIREMENTS

  • MREL Requirements means the laws, regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities applicable to the Issuer and/or the Group, from time to time, (including any applicable transitional or grandfathering provisions), including, without limitation to the generality of the foregoing, any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and any regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities adopted by the Federal Republic of Germany or the Republic of Italy, a relevant resolution authority or the European Banking Authority from time to time (whether or not such requirements, guidelines or policies are applied generally or specifically to the Issuer and/or the Group), as any of the preceding laws, regulations, requirements, guidelines, rules, standards, policies or interpretations may be amended, supplemented, superseded or replaced from time to time.

  • OHS Requirements means all Laws applicable to the Supply and related to occupational health or safety, and all of the City Policies that relate to occupational health or safety, and includes without limitation the WCA;

  • Certification Requirements means those requirements specified or referenced in this Agreement that you must meet in order to use and maintain the Certification Designation and use the Logo in accordance with the terms of this Agreement.

  • Maintenance Requirements shall have the meaning set forth in Clause 14.2;

  • Program Requirements means that Partner has to fulfill certain program requirements as described in detail in the applicable SAP PartnerEdge Model and the PartnerEdge Program Guide.

  • Insurance Requirements means all terms of any insurance policy required by this Agreement and all requirements of the issuer of any such policy and all orders, rules and regulations and any other requirements of the National Board of Fire Underwriters (or any other body exercising similar functions) binding upon Landlord, Tenant or the Leased Property.

  • Design requirements means the written description of the infrastructure facility to be procured pursuant to this article, including:

  • Listing Requirements means the Main Market Listing Requirements of Bursa Securities.

  • Technical Requirements means the Technical Requirements in Section VII of the tendering documents.

  • Pretreatment requirements means any substantive or procedural requirement related to pretreatment, other than a pretreatment standard, imposed on an industrial user.

  • Applicable Technical Requirements and Standards means those certain technical requirements and standards applicable to interconnections of generation and/or transmission facilities with the facilities of an Interconnected Transmission Owner or, as the case may be and to the extent applicable, of an Electric Distributor, as published by Transmission Provider in a PJM Manual provided, however, that, with respect to any generation facilities with maximum generating capacity of 2 MW or less (synchronous) or 5 MW or less (inverter-based) for which the Interconnection Customer executes a Construction Service Agreement or Interconnection Service Agreement on or after March 19, 2005, “Applicable Technical Requirements and Standards” shall refer to the “PJM Small Generator Interconnection Applicable Technical Requirements and Standards.” All Applicable Technical Requirements and Standards shall be publicly available through postings on Transmission Provider’s internet website.

  • MREL Requirement means the minimum requirement for own funds and eligible liabilities which is or, as the case may be, will be applicable to the Issuer;

  • Requirements means and include schedules, details, description, statement of technical data, performance characteristics, standards (Indian as well as International) as applicable and specified in the Contract.

  • Qualification Requirements means the qualification requirements as set forth in Section-2, Clause 2.1 of this RFP;

  • Perfection Requirements means the making or procuring of filings, stampings, registrations, notarisations, endorsements, translations and/or notifications of any Finance Document (and/or any Security created under it) necessary for the validity, enforceability (as against the relevant Obligor or any relevant third party) and/or perfection of that Finance Document.

  • Rebate Requirement means the amount of arbitrage profits earned from the investment of gross proceeds of Tax-exempt Bonds in nonpurpose investments described in Section 148(f)(2) of the Code and defined as "Rebate Amount" in Section 1.148-3 of the Treasury Regulations, which is payable to the United States at the times and in the amounts specified in such provisions.