_________ is voluntary passage of the rights and duties of member from a share holder.

Name: _________ is voluntary passage of the rights and duties of member from a share holder.
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Transfer of shares is a voluntary act by a shareholder, involving the handing over of rights and duties from one member to another. Transmission, on the other hand, occurs by operation of law, such as in the case of death, bankruptcy, or inheritance, and is not voluntary.

_________ Is Voluntary Passage of the Rights and Duties of Member