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2017 Missouri Revised Statutes
Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 355 Nonprofit Corporation Law
Section 355.191 Membership transfer restricted, when.
Universal Citation: MO Rev Stat § 355.191 (2017)
Effective 01 Jul 1995, see footnote
Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 355355.191. Membership transfer restricted, when. — 1. 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.
2. No member of a public benefit corporation may transfer a membership or any right arising therefrom.
3. Where transfer rights have been provided, no restriction on them shall be 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.
(L. 1994 H.B. 1095)
Effective 7-01-95
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