Section 10A-3A-6.11 - Transfers(a) Except as provided in the certificate of incorporation or bylaws, a member of a membership nonprofit corporation may not transfer a membership or any right arising therefrom.(b) Where the right to transfer a membership has been provided, a restriction on that right shall 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.Ala. Code § 10A-3A-6.11 (1975)
Added by Act 2023-503,§ 1, eff. 1/1/2024.