The memberwhose membership has been terminated by the board of directors or the
management committee’s resolution may appeal to the general meeting for the annulment of
suchresolution.
The effect of the special decision of the board of directors or the management committeeshall be
suspended until a special resolution is passed by the general meeting.
The general meeting shall ruleon the special resolution appeal either by cancelling or confirming
the terminationunder the conditions set forth in the Articles of Association.
The terminationdecided by the general meetingshall, in all cases, be made without prejudice to
the right of appeal of the common law available to the member against the termination decision.
Paragraph 3: Social rights of the terminatedmember and current undertakings
The cooperative shall reimburse the member all sums due under the same conditions as the
member who withdraws.
However, the termination of a member does not relieve him of his debts or obligations to the
cooperative or a running contract therewith. Furthermore, the cooperative shall not be obligated
to pay to the memberbefore the maturity of the balance of any fixed-term loan that has been
consented and which is not due.
Unofficial translation
Machine-parsed
In force from 8 September 2026
Source page 16