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Transfers

11B V.S.A. § 6.21
in effect
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6.21. Transfers (a) 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. (b) No member of a public benefit corporation may transfer a membership or any right arising therefrom. (c) 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. Added 1995, No. 179 (Adj. Sess.), § 1, eff. Jan. 1, 1997.
Source: Vermont General Assembly (legislature.vermont.gov)URL: https://legislature.vermont.gov/statutes/section/11B/006/00006.21Fetched: 10/21/2026

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