Our club has a memeber that is withdrawing. Another member
is interested in buying out his units. Is it possible to do
this, or do units get divided proportionatly among all
members? This will be a cash transaction and no stock will
be involved. I tried a test scenario in the demo club, but
was not able to complete it there, so could not tell if this
would work. Thanks for your help.

Greg

Greg Kwick writes:
> Our club has a memeber that is withdrawing. Another member
> is interested in buying out his units. Is it possible to do
> this, or do units get divided proportionatly among all
> members?

The units of a withdrawing member are "retired". You should not see a
change in units of the other members or the unit value (unless there
is a withdrawal fee).

One thing that should be clear is that a payment by another member is
independent of the withdrawal. It's just like when you buy 100 shares
of a mutual fund at the same time as someone else sells 100 shares.
The two transactions are unrelated. They occur at the same price
if they are transacted on the same day.

Cheers,
Rob