{"data":{"id":"us-or/ors-65.147","jurisdiction":"us-or","citation":"ORS 65.147","heading":"Transfers.","body":"(1) Except as provided in ORS 65.231 pertaining to proxies or as set forth in or authorized by the articles of incorporation or bylaws, a member may not transfer a membership or any right arising from a membership.\n      (2) A member of a public benefit corporation or religious corporation may not transfer for value a membership or any right arising from a membership, unless the transferring member is a public benefit corporation or religious corporation.\n      (3) If transfer rights have been provided, a restriction on the transfer rights 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.","path":["02 - Business Organizations, Commercial Code","7. Corporations and Partnerships","Chapter 65 — Nonprofit Corporations"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors065.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:10Z","sha256":"bb128225714df60564e0d889bf24c23643cf4359a584a431c818a4951e57ddf3","source_id":"us-or","stale":false,"prev":"us-or/ors-65.144","next":"us-or/ors-65.151"},"notice":"GroundRules: Original legal text. Not legal advice."}