Duration of Membership. Withdrawal

18 GCA § 12106, under Industrial Development Corporations.

18 GCA § 12106

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. SOURCE: CC § 611.