Effective Date of Transfer of Shares. A transfer of Shares does not take place until: [a] a properly executed transfer document has been delivered to the Co-op; [b] any lien of the Co-op on the Shares has been satisfied; [c] the transfer has been authorized by the Directors, who in their discretion may approve or refuse; and [d] the name of the transferee is entered in the register of members.
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Sources: Rules of Byrne Creek Housing Co Operative, Rules of Cooperative Housing Association
Effective Date of Transfer of Shares. β A transfer of Shares does not take place until: [a] a properly executed transfer document has been delivered to the Co-op; [b] any lien of the Co-op on the Shares has been satisfied; [c] the transfer has been authorized by the Directors, who in their discretion may approve or refuse; and [d] the name of the transferee is entered in the register of members.
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