Arizona § 10-3611 Transfers

Arizona Statutes

§ 10-3611 — Transfers

Arizona·Title 10 Arizona Revised Statutes·Ch. 29 MEMBERS AND MEMBERSHIP-NONPROFIT CORPORATIONS·Art. 2 Types of Memberships-Members' Rights and Obligations

A.Except as set forth in or authorized by the articles of incorporation or bylaws, no member of a corporation may transfer a membership or any right arising from that membership.

B.If transfer rights are provided, no restriction on them is 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.

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A. Except as set forth in or authorized by the articles of incorporation or bylaws, no member of a corporation may transfer a membership or any right arising from that membership.

B. If transfer rights are provided, no restriction on them is 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.

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