I've found the quote below in one of Wilner's mailbags. This is a just part of one section, and I certainly would want to read the entirety of the bylawss. However, the part at the end about "even if the member is then a member of another conference...." and the August 1, 2024 date sound like they are favorable to WSU and OSU. I believe all of the departing schools will want to be members of their new conferences before 8/1/24. The decision a court may have to make is if no formal notice of withdrawal is made (either never made or not made before 8/1/24), do the actions taken by the departing schools constitute a constructive withdrawal. The "member of another conference" indicates to me that if you leave you forfeit. But again, this is just some cherry picked text from one section of the bylaws.
Section 3 addresses “Withdrawal”:
“ … if any member does deliver a notice of withdrawal prior to August 1, 2024, in violation of this chapter, the Conference shall be entitled to an injunction and other equitable relief to prevent such breach, and if a court of competent jurisdiction shall deny the Conference such injunctive relief, the Conference shall be entitled to retain all the media and sponsorship rights in the multi-player video distribution (MPVD) and telecommunications/wireless categories of the member purporting to withdraw through August 1, 2024, even if the member is then a member of another conference …”