---
urn: urn:us-la:rs:12:956
citation: "R.S. 12:956"
status: active
breadcrumb: "Title 12 › Chapter 10"
acts_citations:
  - { year: 1969, number: 49, section: 6, effective_date: null, role: enactment }
---

# Duration of membership; notice of withdrawal

Membership in the corporation shall be for the duration of the corporation; provided that upon written notice given to the corporation five 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.