S.L. 386.32 ст. 13Conversion.

(1) The members may apply to the Registrar to convert the youth enterprise into a commercial partnership regulated by the provisions of the Act once they all attain the age of eighteen

(18) years.

(2) Once all the original members attain the age of eighteen

(18) years, they shall be deemed disqualified from continuing in office and shall resign with immediate effect, unless an application for the conversion of the youth enterprise into a commercial partnership has been commenced by the members in accordance with the Act.

(3) The shares in the youth enterprise cannot be transferred to third parties but solely to existing members.