Membership interest not transferable

  1. Law
  2. District of Columbia Code
  3. Business Organizations. [Enacted title]
  4. Unincorporated Nonprofit Associations
  5. Membership interest not transferable

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Except as otherwise provided in the governing principles, a member’s interest or any right under the governing principles shall not be transferable.

(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)

Editor's Notes

Uniform Law: This section is based on § 21 of the Uniform Unincorporated Nonprofit Association Act (2008 Act).


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