State Codes and Statutes
Statutes > Minnesota > 300-319B > 317A > 317A_405317A.405 TRANSFER OF MEMBERSHIP.
(a) Except as provided in the articles or bylaws, a member of a corporation may not transfer a membership or a right arising from it.
(b) Where transfer rights have been provided, a restriction on them is not 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.
History:
1989 c 304 s 58
