Yes. Should a member violate any of our Stocksy United Rules or member agreements, the Board of Directors may move to terminate their membership in accordance with Stocksy's Co-op Rules and the BC Cooperatives Act.
Membership for Stocksy staff is ended in the event of dismissal or contract termination.
From Stocksy's Co-op Rules
1. MEMBERSHIP
1.10 Termination of membership
Stocksy views termination of membership as a last resort.
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Stocksy may terminate the membership of a member in accordance with the Act and following a resolution to do so by 3/4 of the directors, if:
The member has engaged in conduct detrimental to Stocksy; or
In the opinion of the board, based on reasonable grounds, the member has breached a material condition of an agreement with Stocksy, including but not limited to these Rules and the member agreement; or
The member has not paid money due to Stocksy within a reasonable time after receiving written notice to do so; or
The member is no longer associated with Stocksy, including for Class B members if the member ceases to hold employment or act as a full-time contractor; or
The member ceases to be eligible for membership.
A member whose termination is to be considered at a board meeting may attend a portion of the meeting where their termination is considered in order to make a statement in support of their continued membership. To take advantage of this opportunity following notice to the member, the member should alert any director or executive team member who will then coordinate with the board.
The member will be informed of the outcome of the decision in writing within twenty-four hours after the close of the meeting.
Upon a final determination of termination, the member’s portfolio will become subject to any deactivation policy in place at the time.
1.11 Appeal of termination of membership
A member who is terminated by the board under rule 1.10 may appeal the termination in accordance with the Act.
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