Sale or transfer of shares
158 Sale or transfer of shares
A share in a co‑operative cannot be sold or transferred except —
in accordance with Part 4 Division 3 and section 159, on the death of a member; or
to a person appointed to administer the estate of a shareholder under a law relating to the administration of the estates of persons who, through mental or physical infirmity, are incapable of managing their affairs; or
with the consent of the board, to any person if there are reasonable grounds for believing that the person will be an active member of the co‑operative; or
in accordance with Part 11 Division 2.
A share in a co‑operative cannot be sold or transferred except in accordance with the rules of the co‑operative.
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