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The Florida Senate

2017 Florida Statutes

Title XXXVI BUSINESS ORGANIZATIONS
Chapter 617 CORPORATIONS NOT FOR PROFIT Entire Chapter
SECTION 0605
Transfer of membership interests.
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.