SECTIONS 7320

7320.  Subject to Section 7613: (a) Unless the articles or bylaws otherwise provide: (1) No member may transfer a membership or any right arisingtherefrom; and (2) Subject to the provisions of subdivision (b), all rights as amember of the corporation cease upon the member's death ordissolution. (b) The articles or bylaws may provide for, or may authorize theboard to provide for, the transfer of memberships, or of membershipswithin any class or classes, with or without restriction orlimitation, including transfer upon the death, dissolution, merger,or reorganization of a member. (c) Where transfer rights have been provided, no restriction ofthem shall be binding with respect to memberships issued prior to theadoption of the restriction, unless the holders of such membershipsvoted in favor of the restriction.