State Codes and Statutes
Statutes > Wisconsin > 181 > 181.0611181.0611
181.0611 Transfers.181.0611(1)
(1) When authorized. Except as set forth in or authorized by the articles of incorporation or bylaws, a member of a corporation may not transfer a membership or any right arising from a membership.181.0611(2)
(2) Adoption of restrictions. If transfer rights have been provided, no restriction on them shall be 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.181.0611 - ANNOT.
History: 1997 a. 79.