A membership in the Exchange may only be sold as provided for in the Rules.  When the owner or the legal representative of an owner desires to sell a membership, he shall sign and file with the Department an Offer to Sell, which shall set forth the price at which he is offering his membership, and contain an agreement to the conditions of sale set forth in these rules. 

Upon the sale of a membership, any and all membership privileges granted by these rules shall terminate. (11/29/07)