GroundRules
S.C. Code Ann. § 33-31-611: Transfers.
Where this section sits in the code
- Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
- CHAPTER 31 South Carolina Nonprofit Corporation Act
- ARTICLE 6 Members and Memberships
- Subarticle B Types of Memberships - Members' Rights and Obligations
(a) Except as set forth in or authorized by the articles or bylaws, no member of a mutual benefit corporation may transfer a membership or any right arising therefrom.
(b) No member of a public benefit or religious corporation may transfer a membership or any right arising therefrom.
(c) Where transfer rights have been provided, no restriction on them is 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 2026-09-02T07:03:59Z. Source file · JSON