New South Wales Consolidated Acts New South Wales Consolidated Acts(cf Vic Act s 172)
(1) A share in a co-operative cannot be sold or transferred except:(a) in accordance with Division 3 of Part 4 and section 170A on the death of a member,(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.
(2) A share in a co-operative cannot be sold or transferred except in accordance with the rules of the co-operative.