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No, you can not sell or transfer your account.
The "or as otherwise specifically permitted by Valve" is in reguards to game gifts, skin/item trades, ect., as is allowed through gifting, the community market and trading.
Would that mean that Valve Support can allow it in some way?
Ninja'd :P
Thanks for the information, both of you ^.^
What if the person who one is going to share the account with is their relative (Parent-Kids) for instance?
But it's not recommended. Wouldn't be the first time an angry parent posts in Discussions because their child got their account VAC banned, or used their credit card to purchase goods worth several hundred dollars.
That's what Family Sharing's for.
I had forgotten all about it...