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2012 Utah Code
Title 16 - Corporations
Article 6a - Utah Revised Nonprofit Corporation Act
Section 606 - Transfers.
Universal Citation:
UT Code ยง 16-6a-606 (2012)
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16-6a-606. Transfers.
(1) Unless otherwise provided by the bylaws, a member of a nonprofit corporation may not transfer:
(a) a membership; or
(b) any right arising from a membership.
(2) Where transfer rights have been provided, a restriction on transfer rights may not 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 affected member.
Enacted by Chapter 300, 2000 General Session
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