SECTION 617.0605. Transfer of membership interests.

Latest version.

1(1) 2A member of a corporation may not transfer a membership or any right arising from membership except as otherwise allowed in this section.
25(2) 26Except as set forth in the articles of incorporation or bylaws of a mutual benefit corporation, a member of a mutual benefit corporation may not transfer a membership or any right arising from membership.
60(3) 61If transfer rights have been provided for one or more members of a mutual benefit corporation, a restriction on such rights 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.-s. 17, ch. 2009-205.

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