Duration of membership; withdrawal

O.C.G.A. § 7-1-948 — under Banking and Finance.

O.C.G.A. § 7-1-948

(a) Membership in the corporation shall be for the duration of the 519 7-1-949 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. History. Code 1981, § 7-1-948, enacted by Ga. L. 1988, p. 804, § 1. 7-1-949. Powers of shareholders and members.