The People's Banks of Germany: : Their Organization Under the Recent Law : An Abstract of the Provisions of the North German "association Law" Now in Force; : Model for a Constitution of a Loan Society, Or People's Bank, in Accordance Therewith : Extracts

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11. The division of profits at the close of the year, and the approval (release) of the Management in regard to its conduct of business.
12. Expulsion of members from the Society.
OP GERMANT. 45 13. The joining of the General Union of German Associations, and of a Sub-Union, and also the retirement from the same.
Attainment and Close of Memhership.
§ 49. Membership is obtained by signing the Constitution or by written declaration, after a preliminary formal admission on the part of the Manageme
...nt and Committee. All persons are eligible as members who are capable of legally contracting. Those refused such admission may appeal to the General Meeting.
§ 50. Membership is lost by non-performance of constitutional obligations, and through a resolve to that effect of the Society.
Such resolve must be especially moved by the Management, when members are three months in aiTears with their assessments, or allow matters to come to a lawsuit for non-payment of sums borrowed, or when they lose their civil rights.


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