SECTION 384

The amount of the membership shares must be fully paid upon subscription. However, the articles of a cooperative may authorize the payment of a quarter at subscription, the balance being payable insofar according to the needs of the cooperative in the proportions and deadlines set by the board of directors. Such time limits may not exceed three years from the date on which the subscription became final. The ordinary general meeting shall have the option to stoppursuing the collection of amounts duefor the payment of a member’s shares. In this case, the defaulting membershall be excluded automatically after a formal notice sent by any means leaving a written record and failure to paywithin three months from the date of receipt of the said letter. Onlymembers who are current in their payments shall be entitled to vote in general meetings and may be part of the board of directors. P. 105 of 110