Fla. Stat. § 617.0605

Current through Chapter 11 of the 2024 Legislative Session
Section 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.

Fla. Stat. § 617.0605

s.17, ch. 2009-205.