State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter21 > 21-1942

21-1942. Transfers.(a) 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.(b) No member of a public benefit or religious corporation may transfer a membership or any right arising therefrom.(c) When 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. SourceLaws 1996, LB 681, § 42.