§2155. Expulsion; payment for interest

Link to law: http://legislature.maine.gov/legis/statutes/13/title13sec2155.html
Published: 2015

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now
§2155. Expulsion; payment for interest






In case of the expulsion of a member, and where the bylaws do not provide any procedure
or penalty, the board of directors shall equitably and conclusively appraise his property
interest in the association and shall fix the amount thereof in money, which shall
be paid to him within one year after such expulsion.