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Co-operatives (National Uniform Legislation) Act 2015
100Sale or transfer of shares to be subject to rules
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100 Sale or transfer of shares to be subject to rules (1) A share in a co-operative cannot be sold or transferred except under the rules of the co-operative. (2) Without limiting subsection (1), a share in a co-operative cannot be sold or transferred to 2 or more persons jointly if the rules of the co-operative do not (either generally or in the circumstances of the particular case) allow the share to be held jointly.