Tex. Bus. Orgs. Code § 101.502 · Subchapter K. SUPPLEMENTAL RECORDKEEPING REQUIREMENTS
RIGHT TO EXAMINE RECORDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Unless otherwise provided by the governing documents of a limited liability company, a member of a limited liability company or an assignee of a membership interest in a limited liability company, on written demand stating a proper purpose, is entitled to examine and copy at a reasonable time at the limited liability company's principal office identified under Section 101.501(c) or another location approved by the limited liability company and the member or assignee, any records of the limited liability company, whether in written or other tangible form, which are reasonably related to and appropriate to examine and copy for that proper purpose. For purposes of this subsection, the records of the limited liability company shall not include e-mails, text messages or similar electronic communications, or information from social media accounts unless the particular e-mail, communication, or social media information effectuates an action by the limited liability company or the company agreement expressly states otherwise.
(b) The examination and copying under Subsection (a) may be conducted by the member or assignee or through an agent, accountant, or attorney. An agent, accountant, or attorney who conducts an examination and copying under this section is subject to any obligations of the member or assignee with respect to the records made available for examination and copying.
(c) On written request of a member or an assignee of a membership interest, the limited liability company shall provide to the requesting member or assignee without charge copies of:
(1) the company's certificate of formation, including any amendments to or restatements of the certificate of formation;
(2) if in writing, the company agreement, including any amendments to or restatements of the company agreement; and
(3) any tax returns described by Section 101.501(a)(2).
(d) A demand or request made by a member or assignee under Subsection (a) or (c) must be made to:
(1) the person who is designated to receive the demand or request in the company agreement at the address designated in the company agreement; or
(2) if there is no designation, a manager or managing member at the limited liability company's principal office in the United States.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2023, 88th Leg., R.S., Ch. 27 (S.B. 1514), Sec. 41, eff. September 1, 2023.
Acts 2025, 89th Leg., R.S., Ch. 21 (S.B. 29), Sec. 20, eff. May 14, 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 015db5ec9963c6d2345c4df51fea86f011b0ee68a0987c34a167e3f9951e9206
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 6 provisions
Provisions in this library whose text cites Tex. Bus. Orgs. Code § 101.502. Each shows the citation as that text prints it.
Business Organizations Code
- Tex. Bus. Orgs. Code § 101.054WAIVER OR MODIFICATION OF CERTAIN STATUTORY PROVISIONS PROHIBITED; EXCEPTIONS.Printed as Section 101.502
- Tex. Bus. Orgs. Code § 101.109RIGHTS AND DUTIES OF ASSIGNEE OF MEMBERSHIP INTEREST BEFORE MEMBERSHIP.Printed as Section 101.502
- Tex. Bus. Orgs. Code § 101.501SUPPLEMENTAL RECORDS REQUIRED FOR LIMITED LIABILITY COMPANIES.Printed as Section 3.152(a) or 101.502
- Tex. Bus. Orgs. Code § 101.503PENALTY FOR REFUSAL TO PERMIT EXAMINATION OF CERTAIN RECORDS.Printed as Section 101.502 | Section 101.502(a)
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.