TERMINATION OF MEMBERSHIP
Membership in the cooperative may be terminated by special circumstances, withdrawal or expulsion.
Termination by Special Circumstances and Withdrawal.
The death, insanity, permanent incapacity or judicial declaration by a competent court of the insolvency of the member shall be considered termination of membership by special circumstances.
Any members desiring to terminate his membership by withdrawal shall submit a written application to the Board of Directors. However, no member shall be allowed to withdraw his membership during any period which he/she has any pending obligation with the cooperative.
Expulsion.
A member may be terminated by a vote of the majority of all the members of the Board of Directors for any of the following causes:
A member whose membership the Board of Directors may wish to terminate shall be informed of such intended action in writing and shall be given an opportunity to be heard before the said Board makes its decision. The decision of the Board shall be in writing and shall be communicated in person or registered mail to the member and shall be appealable, within thirty (30) days after the decision is promulgated, to the General Assembly whose decision is therein, whether in general or special session, shall be final. Pending a decision by the General Assembly, the membership remains in force.
The death, insanity, permanent incapacity or judicial declaration by a competent court of the insolvency of the member shall be considered termination of membership by special circumstances.
Any members desiring to terminate his membership by withdrawal shall submit a written application to the Board of Directors. However, no member shall be allowed to withdraw his membership during any period which he/she has any pending obligation with the cooperative.
Expulsion.
A member may be terminated by a vote of the majority of all the members of the Board of Directors for any of the following causes:
- When a member has not patronized the services of the cooperative for an unreasonable period of time as may be fixed by the Board of Directors;
- When a member has continuously failed to comply with his/her obligations;
- When a member has acted in violation of the by-laws and the rules of the cooperative; and
- For any act or omission injurious or prejudicial to the interest or the welfare of the cooperative.
A member whose membership the Board of Directors may wish to terminate shall be informed of such intended action in writing and shall be given an opportunity to be heard before the said Board makes its decision. The decision of the Board shall be in writing and shall be communicated in person or registered mail to the member and shall be appealable, within thirty (30) days after the decision is promulgated, to the General Assembly whose decision is therein, whether in general or special session, shall be final. Pending a decision by the General Assembly, the membership remains in force.