Mo. Rev. Stat. § 355.191

Current with changes from the 2024 Legislative Session

Section 355.191 - Membership transfer restricted, when

1. Except as set forth in or authorized by the articles or bylaws, no member of a mutual benefit corporation may transfer a membership or any right arising therefrom.

2. No member of a public benefit corporation may transfer a membership or any right arising therefrom.

3. 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 members and the affected member.

§ 355.191, RSMo

L. 1994 H.B. 1095
Effective 7/1/1995