Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS Chapter 355 • Effective - 01 Jul 1995, see footnote 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. -------- (L. 1994 H.B. 1095) Effective 7-01-95
Missouri Legal Code