§ 42. Forfeiture of membership. In accordance with provisions therefor
in the by-laws, any person shall forfeit his membership upon proof that
he has ceased to be engaged in the occupation or occupations for the
servicing of which the corporation was formed, or has ceased to have the
qualifications requisite for membership; and shall upon such notice and
terms as may be prescribed in the by-laws, surrender his membership
certificate or his shares of stock upon payment of the par or otherwise
designated value thereof and of any accrued dividends thereon, as may
appear in the accounting at the end of the current fiscal year.