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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Member Shares in Producer Companies: Non-transferable Without Board Approval, Nominee Inherits Unless Not a Producer</h1> Shares of a Member in a Producer Company are generally non-transferable, except with Board approval, allowing transfer to an active Member at par value. Members must nominate a person to inherit shares upon their death, with the nominee gaining rights unless they are not a producer, in which case shares are surrendered to the company. The Board may also direct the surrender of shares if a Member ceases to be a primary producer or fails to meet membership qualifications, provided the Member is notified and heard.
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