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Co-operatives National Law Application Act 2013
99Sale or transfer of shares
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99 Sale or transfer of shares
A share in a co-operative cannot be sold or transferred except:
(a) on the death of a member—under Division 8; or
(b) 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
(c) with the consent of the board—to any person, if there are reasonable grounds for believing the person will be an active member of the co-operative.