Common use of Transfer of Membership Clause in Contracts

Transfer of Membership. A Member of the Corporation may not transfer its membership or a right arising from it except to any Person succeeding to all or substantially all of the assets of the Member. If challenged, the President shall have authority to approve any such transfer, subject to review by the Board.

Transfer of Membership. A Member of the Corporation may not transfer its membership Membership or a right arising from it such‌ membership may not be transferred except to any Person succeeding to all or substantially all of the assets of the Member or Adjunct Member. If challenged, the President The president shall have authority to approve any such transfer, subject to review by the Boardboard of directors.

Transfer of Membership. A Member of the Corporation may not transfer its membership Membership or a right arising from it such membership may not be transferred except to any Person succeeding to all or substantially all of the assets of the Member or Adjunct Member. If challenged, the President The president shall have authority to approve any such transfer, subject to review by the Boardboard of directors.

Transfer of Membership. A Member of the Corporation may not transfer its membership or a right arising from it such membership except to any Person succeeding to all or substantially all of the assets of the Member. If challenged, the President The president shall have authority to approve any such transfer, subject to review by the Boardboard of directors.