Article 61. Exclusion from the Housing and Construction Cooperative Law on Housing Relations
A member of a housing and construction cooperative who has delayed payment of share contributions by more than three months from the period stipulated in the contract of participation in the housing and construction cooperative may be excluded from the housing and construction cooperative by a decision of the general meeting of the housing and construction cooperative.
A member of a housing and construction cooperative must be notified in writing by sending a notice on purpose, by registered mail with delivery notification, via cellular communication or e-mail, as well as using other means of communication that ensure the recording of the notice, no later than ten calendar days in advance by the executive body of the housing and construction cooperative of the reasons for the meeting of the housing and construction cooperative on its exclusion from the housing and construction cooperative. At the general meeting of the housing and construction cooperative, a member of the housing and construction cooperative should be given the right to express an opinion on the issue of his exclusion from the housing and construction cooperative.
In cases of non-appearance of the excluded member of the housing and construction cooperative and the absence of a statement from him on the postponement of the general meeting of the housing and construction cooperative, the participants of the general meeting of the housing and construction cooperative have the right to decide on the exclusion of the member of the housing and construction cooperative without his participation. More than half of the members of the housing and construction cooperative must be present at the general meeting of the housing and construction cooperative. The decision of the general meeting of the housing and construction cooperative is made by a majority vote of the participants of the general meeting of the housing and construction cooperative. At the same time, the number of votes of each member of the housing and construction cooperative in decision-making is proportional to the number of his shares in the housing and construction cooperative.
The decision of the general meeting to expel a member of the housing and construction cooperative from the housing and construction cooperative may be appealed to the court.
The Law of the Republic of Kazakhstan dated April 16, 1997 No. 94.
President
Republic of Kazakhstan
© 2012. RSE na PHB "Institute of Legislation and Legal Information of the Republic of Kazakhstan" of the Ministry of Justice of the Republic of Kazakhstan
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