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Constitution of Urabba Parks/Section 92
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== <span id="s3"></span>Grant of membership by continuing charity == (3)Β In the case of an operating company of an association formed within Urabba Parks limited by shares, the operating company may: :<span id="par3a"></span>(a)Β issue or transfer shares to members of Urabba Parks continuing as members of the association, in consideration for: ::<span id="par3a-i"></span>(i)Β in the case of an issue of redeemable preference shares β the redemption of service membership with a principal amount of those shares for no consideration; and ::<span id="par3a-ii"></span>(ii)Β in the case of an issue of any other kind of share β the nomination of the operating company for charity distribution made in any respect of any membership granted by the association; and :<span id="par3b"></span>(b)Β repurchase shares held by Urabba Parks for the consideration of immediately issuing shares under paragraph (a).
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