2011 Wisconsin Code
Chapter 181. Nonstock corporations.
181.0611 Transfers.

181.0611

181.0611 Transfers.

181.0611(1)

(1) When authorized. Except as set forth in or authorized by the articles of incorporation or bylaws, a member of a corporation may not transfer a membership or any right arising from a membership.

181.0611(2)

(2) Adoption of restrictions. If transfer rights have been provided, no restriction on them shall be 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.

181.0611 - ANNOT.

History: 1997 a. 79.

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