Tex. Bus. Orgs. Code § 101.152 · Subchapter D. CONTRIBUTIONS
ENFORCEABLE PROMISE NOT AFFECTED BY CHANGE IN CIRCUMSTANCES.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A member of a limited liability company is obligated to perform an enforceable promise to make a contribution or otherwise pay cash or transfer property to the company without regard to the death, disability, or other change in circumstances of the member.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
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 936c12b20c626fa9c6fbd97a7e0e2e28cc572068d253b7f6aaab73b5fc788f2d
- 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.