Minn. Stat. § 317A.405 – Transfer of Membership | Midpage
§ 317A.405
Minn. Stat. § 317A.405
Transfer of Membership
1989 c 304 s 58
(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.