Nevada Statutes

§ 82.236 — Transfer of membership

Nevada·Title 7 BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES·Ch. 82 Nonprofit· MEMBERS
1.Except as otherwise provided in the articles or bylaws, a member of a corporation may not transfer a membership or a right arising from it.
2.Where rights of transfer 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

(Added to NRS by 1991, 1271 )

Nearby Sections

15
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