Withdrawal, suspension, termination and re-admittance

(1) A member of a credit union may at any time withdraw his membership on such conditions as may be prescribed by the by-laws or rules. (2) Withdrawal from a credit union shall be by written notice addressed to the board, except that the Board may require up to ninety days’ notice to effect full payment of a member’s Credit Unions Act 27 (3) Withdrawal or expulsion from a credit union does not affect any existing liability of the member to the credit union, but it precludes the person from any further rights in the credit (4) The Board of a credit union may, by notice in writing, suspend a member for a period not exceeding three months, if it is satisfied that the member is guilty of misconduct as set out in the by-laws. (5) The Board may order the termination of membership of a member by at least a two-thirds majority of the directors present at a meeting called for the purpose; the execution of such an order shall be in accordance with the rules. (6) A person removed from membership under sub-section (5), may be readmitted to membership only by a two-thirds majority vote of members present and voting at a general