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Minnesota · Through 2025 Minnesota Statutes

Minn. Stat. § 317A.405: TRANSFER OF MEMBERSHIP.

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Where this section sits in the code
  1. BUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS
  2. CHAPTER 317A. NONPROFIT CORPORATIONS
  3. 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

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