4.1 Withdrawal from membership
A member may withdraw from membership in the Co-op:

[a]  by giving to the Co-op at least 60 days’ written notice calculated from the last day of the month in which the notice is given; or

[b]  with the written consent of the Directors, by giving less than 60 days’ written notice,

and in each case, membership ceases on the last day of the notice period.

4.2 Deemed withdrawal of membership by a member
Unless the Directors determine otherwise, a member will be deemed to have given notice of withdrawal of their membership if the member:

[a]  terminates the Occupancy Agreement;

[b]  surrenders possession of the Unit, abandons the Unit, or ceases to live in the Unit on a full-time basis as their principal residence;

[c]  dies;

[d]  is unable to conduct his or her affairs by reason of mental or physical infirmity; or

[e]  does not hold and pay for the shares of the Co-op as required under these Rules.

and in each case, notice is deemed to have been given when the event occurs and membership ceases 60 days later.