(1) Except as provided in ORS 65.231 pertaining to proxies or as set forth in or authorized by the articles or bylaws, no member may transfer a membership or any right arising therefrom.
(2) No member of a public benefit or religious corporation may transfer for value a membership or any right arising therefrom, unless the transferring member is a public benefit or religious corporation.
(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. [1989 c.1010 §43]
Section: Previous 65.114 65.117 65.121 65.131 65.134 65.137 65.144 65.147 65.151 65.154 65.157 65.164 65.167 65.171 65.174 NextLast modified: August 7, 2008