State Codes and Statutes

Statutes > Utah > Title-16 > Chapter-06a > 16-6a-606

16-6a-606. Transfers.
(1) Unless otherwise provided by the bylaws, a member of a nonprofit corporation maynot 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 bebinding with respect to a member holding a membership issued prior to the adoption of therestriction, unless the restriction is approved by the affected member.

Enacted by Chapter 300, 2000 General Session

State Codes and Statutes

Statutes > Utah > Title-16 > Chapter-06a > 16-6a-606

16-6a-606. Transfers.
(1) Unless otherwise provided by the bylaws, a member of a nonprofit corporation maynot 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 bebinding with respect to a member holding a membership issued prior to the adoption of therestriction, unless the restriction is approved by the affected member.

Enacted by Chapter 300, 2000 General Session


State Codes and Statutes

State Codes and Statutes

Statutes > Utah > Title-16 > Chapter-06a > 16-6a-606

16-6a-606. Transfers.
(1) Unless otherwise provided by the bylaws, a member of a nonprofit corporation maynot 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 bebinding with respect to a member holding a membership issued prior to the adoption of therestriction, unless the restriction is approved by the affected member.

Enacted by Chapter 300, 2000 General Session