Title 7 – Corporations and Associations
Article 126 – Members and Memberships
Residential membership – return of consideration – cessation of periodic payments – time limits – effective date
(1) Notwithstanding any provision of the articles of incorporation or bylaws to the contrary:
(I) A residential nonprofit corporation shall refund the entrance fee of a residential member to the member or his or her heirs within ninety days after a transfer of the residential membership.