Transfer of membership

N.D.C.C. § 10-33-59 — under Nonprofit Corporations.

N.D.C.C. § 10-33-59

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.