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Idaho Statutes Title 26. Banks and Banking § 26-2406. Duration of membership

Current as of January 01, 2024 | Updated by FindLaw Staff

Membership in the corporation shall be for the duration of the corporation; provided, that upon written notice given to the corporation five (5) years in advance, a member may withdraw from membership in the corporation at the expiration date of such notice.

A member shall not be obligated to make any loans to the corporation pursuant to calls made subsequent to notice of the intended withdrawal of said member.

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Cite this article: FindLaw.com - Idaho Statutes Title 26. Banks and Banking § 26-2406. Duration of membership - last updated January 01, 2024 | https://codes.findlaw.com/id/title-26-banks-and-banking/id-st-sect-26-2406/

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