Tex. Bus. Orgs. Code § 101.603 · Subchapter M. SERIES LIMITED LIABILITY COMPANY
ASSETS OF PROTECTED SERIES OR REGISTERED SERIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Assets associated with a protected series or registered series may be held directly or indirectly, including being held in the name of the protected series or registered series, in the name of the limited liability company, through a nominee, or otherwise.
(b) To the extent the records of a protected series or registered series are maintained in a manner so that the assets of the protected series or registered series can be reasonably identified by specific listing, category, type, quantity, or computational or allocational formula or procedure, including a percentage or share of any assets, or by any other method in which the identity of the assets can be objectively determined, the records are considered to satisfy the requirements of Section 101.602(b)(1).
(c) In this subchapter, a reference to:
(1) "assets of a protected series" or "assets of a registered series" includes assets associated with that series;
(2) "assets associated with a protected series" or "assets associated with a registered series" includes assets of that series;
(3) "members or managers of a protected series" or "members or managers of a registered series" includes members or managers associated with that series; and
(4) "members or managers associated with a protected series" or "members or managers associated with a registered series" includes members or managers of that series.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 84 (S.B. 1442), Sec. 45, eff. September 1, 2009.
Amended by:
Acts 2021, 87th Leg., R.S., Ch. 43 (S.B. 1523), Sec. 1, eff. June 1, 2022.
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 a61f431432beeca1353eacb6fba977b0142a5b5ac12c8ba56f1b2def726ece19
- 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.
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.