Highlight the circumstances under which a person may cease to be a member of a company.

A person may cease to be a member of a company on the following circumstances:

• Transfer of shares
• Death
• Bankruptcy
• Forfeiture of shares
• Sale the company in exercise of lieu.
• Valid surrender of shares
• Rescission of contract.
• Repudiation an infant.
• Winding up or liquidation.
• Redemption of redeemable preference shares.
• Disclaimer trustee in bankruptcy.

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