Sell or Retire Stock
How do I sell or retire my stockholding membership?
Vested stockholding members may sell their stockholding membership, and unvested stockholding members may retire their stockholding membership. The first step is to register the request to sell or retire between January 1 and March 31.
Once registered, the pool will assist with selling stockholding memberships to Limited members, in the order the stockholding memberships were registered. As an alternative, after registering on this page, the stockholding member may identify a buyer for a direct sale and then must notify the pool for Board approval and completion of the sale. The deadline for selling a stockholding membership is April 30th.
If a sale is completed by April 30th, the previous stockholding member will receive up to the prevailing price of the stock (currently $350), based on the following vesting schedule: After three years of stockholding, the stock is one-third vested and the seller will receive one-third of the prevailing price; after four years of stockholding, the stock is two-thirds vested and the seller will receive two-thirds of the prevailing price; and after five years of stockholding, the stock is fully vested and the seller will receive the full prevailing price.
If a sale is not completed by April 30th, the stockholding member may either pay their membership fee (and continue their membership) or they may retire their stockholding membership in which case the stockholding membership returns to the pool with no remuneration to the stockholding member.
Transfer Stock
How do I transfer my stockholding membership?
Stockholding membership can be permanently transferred to a home buyer or the adult descendant of a deceased member, or temporarily transferred to a renter. The stock membership must be in good standing for the transfer to be accepted and honored by the pool, with no unpaid fees or assessments (including snack bar bills) due. Retired stock memberships are not transferrable.
Temporary transfers remain the property of the stockholding member. The stockholding member may request the pool reinstate their account at any time. The person to whom the account was transferred may apply to join the pool with their own membership. It is the stockholding member’s responsibility to ensure the dues are paid and the account is current, regardless of whether the account is in a temporarily transferred status.
The stock membership must be in good standing for the transfer to be accepted and honored by the pool, with no unpaid fees or assessments due. Retired stock memberships are not transferrable. The transferor (previous member) should apprise the transferee (new member) of the stockholding membership responsibilities and annual membership fee commitments. Additionally, the transferor must provide the pool with the contact information of the transferee prior to the transferee attempting to enter the pool for the first time. The pool does not charge any fee for transfers, but reserves all rights associated with accepting and honoring the transfer in accordance with the Constitution and By-Laws of Fairfax Swimming Pool, Inc.
For more than 50 years, neighbors and friends have been coming to Fairfax Swimming Pool.
4200 Roberts Road, Fairfax, VA
703-691-8166