Western Australian Current Acts Western Australian Current Acts (1) A share in a
co-operative cannot be sold or transferred except —
(a) in
accordance with Part 4 Division 3 and section 159, on the death of a member;
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 that the person will be an active member of the co-operative; or
(d) in
accordance with Part 11 Division 2.
(2) A share in a
co-operative cannot be sold or transferred except in accordance with the rules
of the co-operative.