Payment of Value of Member's Shares and Interest

64. (a) The value of a Member's shares and interest in the capital/property of the Society shall be determined in accordance with Rule 23 of the Maharashtra Co-operative Societies Rules, 1961. (b) After determination of the value, the Society shall publish a public notice in at least two local newspapers within one month, inviting offers for the purchase of the shares and interest. (c) The Society shall accept the highest offer received, provided such offer is not below the authorised valuation determined under clause (a) above. (d) The proceeds of such sale shall be paid to the Member or his legal representative after deducting all dues payable to the Society.