Sec. 1. Any member of the association desiring to transfer his membership to another person shall file an application for permission to do so with the secretary of the association; which application shall give the name and address of the proposed transferee, and his occupation. Such application shall also be signed by the proposed transferee, stating that if accepted he will abide by all the by‑laws, rules, regulations, and restrictions of the association. The secretary shall then furnish a copy of the application to the membership committee, who shall investigate the proposed transferee and make a report and recommendation, with respect to the transfer, to the next meeting of the board of directors. The board shall vote by ballot upon the question of approving or rejecting the proposed transfer; and a negative vote of three (3) directors shall be sufficient to reject.
Sec. 2. In case of the death of a member, his heirs or devisees shall take his membership and also any lot included within the boundaries of the association’s property, subject to the same bylaws, rules and regulations, restrictions and covenants, under which it was held by the deceased member. Not more than one (1) person shall be allowed the privileges of membership by inheritance, bequest or devise from a deceased member; and if a membership passes by devise or bequest, or by descent or distribution, to more than one (1) person, only one (1) of them shall exercise the privilege of membership. In case one of the lots acquired from the association passes by devise or descent to more than one (1) person, it shall not be occupied or controlled by a larger number of persons than originally occupied or controlled it prior to the deceased member’s death; it being the purpose of this provision to prevent burdening the facilities of the association with a greater number of users than was intended at the time the lot was originally sold. In case several persons claim the right by devise or descent to exercise the privilege of membership or use the facilities of the association, and have not agreed upon and designated one of their number as the person being legally entitled thereto, subject to the by‑laws, rules, regulations and restrictions of the association, then the association, through its board of directors, shall have the right, power and authority to deny the exercise of such membership and the use of the facilities of the association to all of them until the proper person has been agreed upon or otherwise determined, as the person being legally entitled thereto, subject to the bylaws, rules, regulations and restrictions of this association; provided, however, in any such case, whether there be only one beneficiary or only one heir, or one of such heirs or beneficiaries being agreed upon and designated in writing to the board, as the person being legally entitled thereto or such person otherwise determined, such person file his application for transfer of such membership and lot in the same manner and with like force and effect as provided in Section I of this Article, and be subject to the approval of the board of‑directors as provided in Section I of this Article, and a negative vote of three (3) directors shall be sufficient to reject.
Sec. 3. In case the title to one of the lots sold by the association to a member passed on to another person involuntarily by operation of law, the person receiving such title shall take it subject to these by‑laws, and the rules, regulations and restrictions made thereunder, and all the covenants, restrictions and conditions under which it was held by the former owner; provided, however, in any such case such person shall file his application for transfer of such membership and lot in the same manner and with like force and effect as provided in Section I of this Article, and a negative vote of three (3) directors shall be sufficient to reject. No corporation or partnership shall exercise the privileges of membership or hold any membership certificate, and no corporation or partnership shall be entitled under any condition to the use of the facilities of the association. No land of the association, except membership lots, shall be sold unless authorized by the board of directors and approved by a vote of the members. (Amended 5/5/75)