§420-8 Period of membership, withdrawal. Membership in the corporation shall be for the duration of the corporation, provided that upon written notice given to the corporation one year 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 the withdrawal of the member. [L 1957, c 288, §7; Supp, §176A-7; HRS §420-8; am L 1969, c 168, §3]