GroundRules
D.C. Code § 29-404.11: Transfers.
Where this section sits in the code
- Title 29. Business Organizations. [Enacted title]
- Chapter 4. Nonprofit Corporations.
- Subchapter IV. Memberships and Financial Provisions.
- Part B. Rights and Obligations of Members.
(a)
Except as otherwise provided in the articles of incorporation or bylaws, a member of a membership corporation shall not transfer a membership or any right arising therefrom.
(b)
If 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 before the adoption of the restriction unless the restriction is approved by the affected member.
Collected 2026-08-29T05:44:07Z. Source file · JSON