Tex. Bus. Orgs. Code § 101.611 · Subchapter M. SERIES LIMITED LIABILITY COMPANY
MEMBER STATUS WITH RESPECT TO DISTRIBUTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Subject to Sections 101.613, 101.617, 101.618, 101.619, and 101.620, when a member associated with a protected series or registered series established under this subchapter is entitled to receive a distribution with respect to the protected series or registered series, the member, with respect to the distribution, has the same status as a creditor of the protected series or registered series and is entitled to any remedy available to a creditor of the protected series or registered series.
(b) Section 101.206 does not apply to a distribution with respect to the protected series or registered 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 2011, 82nd Leg., R.S., Ch. 139 (S.B. 748), Sec. 40, eff. September 1, 2011.
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 540a274f0fc00eb91ae49727bbce839f717f583430c83275767aedf13bfc4cb2
- 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.
Business Organizations Code
- Tex. Bus. Orgs. Code § 101.206PROHIBITED DISTRIBUTION; DUTY TO RETURN.Printed as Section 101.206
- Tex. Bus. Orgs. Code § 101.613DISTRIBUTIONS.Printed as Sections 101.613, 101.617, 101.618, 101.619, and 101.620
- Tex. Bus. Orgs. Code § 101.617PROCEDURES FOR WINDING UP AND TERMINATION OF PROTECTED SERIES OR REGISTERED SERIES.Printed as Sections 101.613, 101.617, 101.618, 101.619, and 101.620
- Tex. Bus. Orgs. Code § 101.618REVOCATION OF VOLUNTARY WINDING UP.Printed as Sections 101.613, 101.617, 101.618, 101.619, and 101.620
- Tex. Bus. Orgs. Code § 101.619CANCELLATION OF EVENT REQUIRING WINDING UP.Printed as Sections 101.613, 101.617, 101.618, 101.619, and 101.620
- Tex. Bus. Orgs. Code § 101.620CONTINUATION OF BUSINESS.Printed as Sections 101.613, 101.617, 101.618, 101.619, and 101.620
Cited by 1 provision
Provisions in this library whose text cites Tex. Bus. Orgs. Code § 101.611. Each shows the citation as that text prints it.
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