Tex. Bus. Orgs. Code § 101.608 · Subchapter M. SERIES LIMITED LIABILITY COMPANY
GOVERNING AUTHORITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Notwithstanding any conflicting provision of the certificate of formation of a limited liability company or the certificate of registered series, the governing authority of a protected series or registered series consists of the managers or members associated with the protected series or registered series as provided in the company agreement.
(b) If the company agreement does not provide for the governing authority of the protected series or registered series, the governing authority of the protected series or registered series consists of:
(1) the managers associated with the protected series or registered series, if the company's certificate of formation states that the company has one or more managers; or
(2) the members associated with the protected series or registered series, if the company's certificate of formation does not provide that the company has managers.
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 b434faf4242985dfaec2d233b8593f6686c00d9107fcdc0fc52acbfcf8ef1137
- 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
Cited by 2 provisions
Provisions in this library whose text cites Tex. Bus. Orgs. Code § 101.608. Each shows the citation as that text prints it.
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.