2010 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
317A.405 TRANSFER OF MEMBERSHIP.
(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.
History:
Official Publication of the State of Minnesota
Revisor of Statutes