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Corporations | |
Utah Revised Nonprofit Corporation Act | |
Section 606 | Transfers. |
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16-6a-606. Transfers. (1) Unless otherwise provided by the bylaws, a member of a nonprofit corporation may not transfer: (a) a membership; or (b) any right arising from a membership. (2) Where transfer rights have been provided, a restriction on transfer rights may not 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 affected member.
Enacted by Chapter 300, 2000 General Session |
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