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The Florida Statutes

The 2017 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS
Chapter 617
CORPORATIONS NOT FOR PROFIT
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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.