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Form a Business

Transfers.

Ala. Code § 10A-3A-6.11
in effect
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10A-3A-6.11. Transfers. (a) Except as provided in the certificate of incorporation or bylaws, a member of a membership nonprofit corporation may not transfer a membership or any right arising therefrom. (b) Where the right to transfer a membership has been provided, a restriction on that right shall not 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 affected member. EndFragment (Act 2023-503, §1.)
Source: Alabama Legislature (alison.legislature.state.al.us)URL: https://alison.legislature.state.al.us/code-of-alabama#10A-3A-6.11Fetched: 10/20/2026

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