45-4-403 - Transfer of shares.

45-4-403. Transfer of shares.

Fully paid-up shares of a credit union may be transferred to any person upon election to membership, upon terms that the bylaws may provide.

[Acts 1923, ch. 68, § 15; Shan. Supp., § 2168a22; Code 1932, § 3849; C. Supp. 1950, § 3849; Acts 1979, ch. 86, § 7; T.C.A. (orig. ed.), § 45-1819.]