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Tennessee Code Title 48. Corporations and Associations § 48-56-202

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(a) Except as set forth in or authorized by the charter or bylaws, no member of a corporation may transfer a membership or any right arising therefrom.

(b) 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.

Cite this article: FindLaw.com - Tennessee Code Title 48. Corporations and Associations § 48-56-202 - last updated January 01, 2020 | https://codes.findlaw.com/tn/title-48-corporations-and-associations/tn-code-sect-48-56-202/


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