| Section 2.04. Effect of Termination. |
| Upon the termination in any manner of a person’s membership, the member or their estate, shall be entitled to refund of the member’s service security deposit, less any amounts due the Cooperative. Neither the member nor the member’s estate, shall be released from any debts or other obligations owed to the Cooperative. |
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| Section 2.05. Effect of Death, Legal Separation or Divorce upon a Joint Membership. |
| Upon the death of either spouse of a joint membership, such membership shall continue to be held solely by the survivor, in the same manner and to the same effect as though such membership had never been joint. The estate of the deceased spouse shall not be released from any debts due the Cooperative. Upon the legal separation or divorce of the holders of a joint membership, such membership shall continue to be held solely by the member who continues directly to occupy or use the premises covered by such membership in the same manner and to the same effect as though such membership had never been joint. The other spouse shall not be released from any debts owed to the Cooperative. |
