GroundRules
Ala. Code § 10A-3A-6.11: Transfers.
Where this section sits in the code
- Title 10A Alabama Business and Nonprofit Entities Code.
- Chapter 3A Alabama Nonprofit Corporation Law.
- Article 6 Memberships and Financial Provisions.
- Division B Rights and Obligations of Members.
(a) Except as provided in the certificate of incorporation or bylaws, a member of a membership nonprofit corporation may not transfer a membership or any right arising therefrom.
(b) Where the right to transfer a membership has been provided, a restriction on that right shall 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.
Collected 2026-09-03T14:01:54Z. Source file · JSON