Withdrawal from Membership. Any Member may withdraw from the Authority by the action of its governing board, unless the Authority then has unpaid debts or legal obligations, in which case the consent of the governing boards of the remaining Members to the withdrawal is required. Such withdrawal will forfeit any right to a distribution in conjunction with a subsequent termination of this Agreement.
Appears in 2 contracts
Samples: Middle Cedar Watershed Management Authority Articles of Agreement, Articles of Agreement
Withdrawal from Membership. 12.1 Any Member may withdraw from the Authority by the action of its governing board, unless the Authority then has unpaid debts or legal obligations, in which case the consent of the governing boards of the remaining Members to the withdrawal is required. Such withdrawal will forfeit any right to a distribution in conjunction with a subsequent termination of this Agreement.
Appears in 2 contracts
Samples: 28e Agreement, 28e Agreement
