21-1942. Transfers.
90 words·~1 min read·
/ne/chapter-21/21-1942A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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 or religious corporation may transfer a membership or any right arising therefrom.
(c)When 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.