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Mo. Rev. Stat. § 355.191

Membership transfer restricted, when

Known as the Missouri Nonprofit Corporation Act

The act spans §§ 355–355 (165 sections).

Effective: 01 Jul 1995, see footnote; (L. 1994 H.B. 1095)

1. Except as set forth in or authorized by the articles or bylaws, no member of a mutual benefit corporation may transfer a membership or any right arising therefrom.

2. No member of a public benefit corporation may transfer a membership or any right arising therefrom.

3. Where transfer rights have been provided, no restriction on them shall 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 members and the affected member.

Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.