Wisconsin Statutes (Last Updated: January 10, 2017)

Section 181.0611. Transfers.

Latest version.

(1) When authorized. Except as set forth in or authorized by the articles of incorporation or bylaws, a member of a corporation may not transfer a membership or any right arising from a membership.

(2) Adoption of restrictions. If transfer rights have been provided, no restriction on them shall be 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.

1997 a. 79 .

                    
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