99Sale or transfer of shares

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.