Colorado Statutes

§ 7-126-202 — Transfers

Colorado·Title 07 Corporations·Art. Members and Memberships
(1)Unless otherwise provided by the bylaws, no member of a nonprofit corporation may transfer a membership or any right arising therefrom.
(2)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 affected member.

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Legislative History

Source: L. 97: Entire article added, p. 671, � 3, effective July 1, 1998.

Nearby Sections

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