“Transferable”, as used in RSA 77:3, I(b), means the ability of a shareholder or interest holder in an organization to dispose of all rights incidental to his or her equitable interest without a required approval of the disposition by another beneficiary, and without dissolution of the organization itself.

Source. #4557, eff 12-28-88; ss by #5071, eff 2-21-91; ss by #5947, eff 12-29-94; ss by #6321, eff 8-22-96; ss by #8137, eff 8-10-04 (from Rev 901.18); ss by #9658, eff 2-24-10 (from Rev 901.17); ss by #9843 (formerly Rev 901.21) (see Revision Note at chapter heading for Rev 900); ss by #10211, eff 10-24-12 (from Rev 901.18); renumbered by #10795 (from Rev 901.19); ss by #13443, eff 8-12-22 (formerly Rev 901.20)