Or. Rev. Stat. § 65.147
Transfers
Oregon · Oregon Revised Statutes Chapter 65 — Nonprofit Corporations · Status: effective
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- Citation
- Or. Rev. Stat. § 65.147, Transfers, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2453750
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Full text
(1) Except as provided in ORS 65.231 pertaining to proxies or as set forth in or authorized by the articles of incorporation or bylaws, a member may not transfer a membership or any right arising from a membership.
(2) A member of a public benefit corporation or religious corporation may not transfer for value a membership or any right arising from a membership, unless the transferring member is a public benefit corporation or religious corporation.
(3) If transfer rights have been provided, a restriction on the transfer rights is not 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.