2007 Minnesota Code
Chapters 300 - 319B Corporations
Chapter 317A Nonprofit Corporations
Section 317A.405 TRANSFER OF MEMBERSHIP.
317A.405 TRANSFER OF MEMBERSHIP.
(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.
History: 1989 c 304 s 58
Disclaimer: These codes may not be the most recent version. Minnesota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
