TRANSFER
Save as otherwise provided under this Rule no member may transfer his membership to another person.

In this Rule or where appropriate in the Constitution: - “Transfer?shall mean the assignment of all incidences of membership to which an Individual Member (transferable) and Corporate Member (transferable) is subject to.

(i) An Individual Member (transferable) may transfer its membership to any person who is not a member of the Club who shall be first approved by the Committee.

(ii) A corporate Member (transferable) may transfer its membership to another who is not a member of the Club who shall be first approved by the Committee.

(iii) The application for the transfer of membership shall be made by submitting to the committee the prescribed Form obtainable from the Club.

(iv) Upon the approval of the transfer an administrative fee of in the sum equivalent to 10% of the value of the Membership which shall be fixed by the Committee is payable to the Club.

(v) The Administration fee referred to in sub-para (iv) above and para (d) below may be revised from time to time by the Committee.

Upon the death of any Individual Member (transferable) all incidences of the membership shall form part of the estate of the deceased member and the administrator of the estate may subject to the approval of the Committee transfer the membership to any person, and if the transfer is to the deceased's spouse, daughter or son, no administrative fee shall be payable, and if the transfer is to any person a sum of equivalent to 10% of the value of the membership which shall be fixed by the Committee is payable.