Tex. Bus. Orgs. Code § 101.251 · Subchapter F. MANAGEMENT
GOVERNING AUTHORITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The governing authority of a limited liability company consists of:
(1) the managers of the company, if the company agreement provides that the company is managed by one or more managers; or
(2) the members of the company, if the company agreement provides that the company is managed by the members.
(b) If the company agreement does not provide otherwise, the governing authority of a limited liability company consists of:
(1) the managers of the company, if the company's certificate of formation states that the company has managers; or
(2) the members of the company, if the company's certificate of formation does not state that the company has managers.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2021, 87th Leg., R.S., Ch. 39 (S.B. 1203), Sec. 28, eff. September 1, 2021.
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 61f94619f1a1cb217f0e4a5a9606c1bbe359d8e2819ddc5555a5f0789962d06e
- 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.