§ 7-1-948 - Duration of membership; withdrawal

O.C.G.A. 7-1-948 (2010)
7-1-948. Duration of membership; withdrawal


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

(b) 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.