DecisionDepot
California legal research

Arizona Arizona Revised Statutes

§ 10-3611 — Transfers

ARS § 10-3611Title 10. Corporations and Associations · Ch. 29. MEMBERS AND MEMBERSHIP-NONPROFIT CORPORATIONS · Art. 2. Types of Memberships-Members' Rights and Obligations

Statute text

View on source
10-3611. Transfers 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.

Source: Arizona Arizona Revised Statutes § 10-3611 from the Arizona Revised Statutes (Arizona State Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.