85.3. The board of directors shall strike off the roll a member who(1) fails to pay the assessments and the contribution referred to in paragraph 2 of section 46 within the period specified;
(2) fails to furnish the security or pay the amount referred to in paragraph 3 of section 46 within the period specified;
(3) fails to comply with the terms of the agreement referred to in paragraphs 4 and 4.1 of section 46; or
(4) fails to pay the fees referred to in paragraph 5 of section 46.