N.D. Cent. Code § 10-33-59
This is the official text of N.D. Cent. Code § 10-33-59, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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10-33-59. Transfer of membership
Official statutory text
10-33-59. Transfer of membership
1. Except as provided in the articles or bylaws, a member of a corporation may not
transfer a membership or a right arising from it.
2. When 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.
1. Except as provided in the articles or bylaws, a member of a corporation may not
transfer a membership or a right arising from it.
2. When 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.
Status: in_force · Read it on the official government site
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