Minn. Stat. § 317A.405: TRANSFER OF MEMBERSHIP.
Where this section sits in the code
- BUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS
- CHAPTER 317A. NONPROFIT CORPORATIONS
- MEMBERS
(a) Except as provided in the articles or bylaws, a member of a corporation may not transfer a membership or a right arising from it.
(b) Where transfer rights have been provided, a restriction on them is not binding with respect to a member holding a membership issued before the adoption of the restriction unless the restriction is approved by the members and the affected member.
Collected 2026-09-02T22:10:41Z. Source file · JSON