Minnesota Statutes
§ 317A.405 — TRANSFER OF MEMBERSHIP
Minnesota § 317A.405
JurisdictionMinnesota
PartBUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS
Ch. 317ANONPROFIT CORPORATIONS
This text of Minnesota § 317A.405 (TRANSFER OF MEMBERSHIP) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Minn. Stat. § 317A.405 (2026).
Text
(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.
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Legislative History
1989 c 304 s 58
Nearby Sections
15
§ 317A.001
CITATION§ 317A.011
DEFINITIONS§ 317A.021
APPLICATION AND ELECTION§ 317A.031
TRANSITION; CONTINUATION OF LEGAL ACTS§ 317A.041
RESERVATION OF RIGHT§ 317A.051
SCOPE OF CHAPTER§ 317A.101
PURPOSES§ 317A.105
INCORPORATORS§ 317A.111
ARTICLES§ 317A.115
CORPORATE NAME§ 317A.117
RESERVED NAMECite This Page — Counsel Stack
Bluebook (online)
Minnesota § 317A.405, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/317A/317A.405.