ORS § 65.147

Current through 2024 Regular Session legislation effective April 17, 2024
Section 65.147 - Transfers
(1) Except as provided in ORS 65.231 pertaining to proxies or as set forth in or authorized by the articles of incorporation or bylaws, a member may not transfer a membership or any right arising from a membership.
(2) A member of a public benefit corporation or religious corporation may not transfer for value a membership or any right arising from a membership, unless the transferring member is a public benefit corporation or religious corporation.
(3) If transfer rights have been provided, a restriction on the transfer 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.

ORS 65.147

Amended by 2019 Ch. 174,§ 32, eff. 5/24/2019, op. 1/1/2020.
1989 c.1010 §43