Wave propagation characteristics are determined for smart laminated fiber-reinforced composite cylindrical membrane shells with different piezoelectric coupling effects. Wave motion equations are derived using the membrane shell model. By solving an eigenvalue problem, dispersion curves of the wave motion are obtained for different axial and circumferential wave numbers. The effects of piezoelectric coupling, fiber orientation, stacking sequence, and material properties of the host shell on wave behaviors are investigated. The results of this paper can be used for studies on dynamic stability of piezoelectric coupled laminated fiber-reinforced composite shell structures and in design of smart structures with the piezoelectric materials for the applications of damage detection and structural health monitoring.