(1) A member of a credit union may transfer a share in the credit union to another member so long as -
(a) the number of shares held by that other member does not exceed the limit imposed under this Act; and
(b) if the credit union so requires in any case, the transfer has the approval of the credit union.
(2) No charge shall be made by a credit union in respect of a transfer of shares by a member, and such a transfer shall entitle the transferee to any dividends in respect of the transferred shares which are unpaid at the date of the transfer.
(3) If, in a case where the credit union has imposed a requirement under subsection (1)(b), the credit union refuses to approve the proposed transfer of shares in the credit union by a member, the member may appeal against the refusal to a Judge of the District Court for the district in which the registered office of the credit union is situated.
(4) Notice of appeal under subsection (3) shall be in writing and shall set out the grounds on which
…