§ 3177 Stock Transfer Restrictions

• •You can't sell or give your shares in the group to just anyone.
• •Only certain people can own shares, and the rules say who those people are.
• •Every share certificate must have these rules printed on it.

You own shares in a local farming group and want to sell them to your friend who lives in another state.

If your friend doesn’t meet the group’s rules for who can own shares (like living in the area or being a farmer), you can’t sell your shares to them. The rules are printed right on your share certificate.