Tex. Bus. Orgs. Code § 101.1055 · Subchapter C. MEMBERSHIP
SUBSCRIPTIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A subscription to purchase a membership interest in a limited liability company in the process of being formed is irrevocable to the extent provided by the terms of the subscription if:
(1) the subscription is in writing and signed by the subscriber; and
(2) the subscription states that it is irrevocable.
(b) A written subscription entered into after the limited liability company is formed is a contract between the subscriber and the company.
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 199 (S.B. 2411), Sec. 48, eff. September 1, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm
- Text hash
- sha256 612d596ee27e1dd85296c4ec54188161c45032289a7f94c205f2f2366a232ef7
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.