Current with changes from the 2024 Legislative Session through 7/12/2024
Section 355.191 - Membership transfer restricted, when1. 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.2. No member of a public benefit corporation may transfer a membership or any right arising therefrom.3. Where 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.L. 1994 H.B. 1095
Effective 7/1/1995