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The Florida Senate

2010 Florida Statutes

F.S. 617.0605
617.0605

Transfer of membership interests.

(1)

A member of a corporation may not transfer a membership or any right arising from membership except as otherwise allowed in this section.

(2)

Except as set forth in the articles of incorporation or bylaws of a mutual benefit corporation, a member of a mutual benefit corporation may not transfer a membership or any right arising from membership.

(3)

If transfer rights have been provided for one or more members of a mutual benefit corporation, a restriction on such rights 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.

History.

s. 17, ch. 2009-205.