Membership in the Society shall cease with effect from the date of a member:-

  • Dying;

  • Being expelled from the Society;

  • Withdrawing all his shares;

  • Ceasing to hold the qualifications stated in by-law 6;

  • Failing to contribute shares continuously for three months without a valid reason.

  • A member may at any time withdraw from the Society by giving sixty days written notice.

A member who has withdrawn from the society may be readmitted after a period of one year, or such period as may be determined from time to time by the management committee.