It's the same thing. Just process the withdrawal as if it were paid by the club and enter the deposits from the new members as deposits purchasing shares.

 

Ira Smilovitz

 

Is there a method to record a transfer of a member's
interest (rather than a withdrawal)?

In our case, a withdrawing member's interest was transferred
to new members because, at the time the member desired to
withdraw, the club's investments were largely illiquid and a
decision was made to admit new members who were willing to
pay the withdrawing member for his interest rather than
liquidate investments to pay the withdrawing member.