§ 16-6a-606. Transfers.

Latest version.

(1)

Unless otherwise provided by the bylaws, a member of a nonprofit corporation may not transfer:

(a)	a membership; or

(b)	any right arising from a membership.

(2)	Where transfer rights have been provided, a restriction on transfer rights may not be binding with respect to a member holding a membership issued prior to the adoption of the restriction, unless the restriction is approved by the affected member.

Enacted by Chapter 300, 2000 General Session

                    
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