QLDIn ForceAct
Co-operatives National Law (Queensland)
sec.99Sale or transfer of shares
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sec.99 Sale or transfer of shares
A share in a co-operative cannot be sold or transferred except— on the death of a member—under Division 8 ; 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 the person will be an active member of the co-operative.
- (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.