Chapter LXXVIII: Section 105: That no member of a local association shall transfer

his stock to any other person without the unanimous approval of the executive committee, evidenced by the signatures of such committee upon the records of the association and by the signature of the chairman of said committee upon the certificate of stock, which shall be transferable only by such signature: _Provided, however_, That any person desiring to sell his stock may appeal from the decision of the executive committee to the members of such local association.