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2018 Arizona Revised Statutes
Title 10 - Corporations and Associations
§ 10-3611 Transfers
Universal Citation: AZ Rev Stat § 10-3611 (2018)
10-3611. Transfers
A. Except as set forth in or authorized by the articles of incorporation or bylaws, no member of a corporation may transfer a membership or any right arising from that membership.
B. If transfer rights are provided, no restriction on them is binding with respect to a member holding a membership issued prior to the adoption of the restriction unless the restriction is approved by the members and the affected member.
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