Tex. Bus. Orgs. Code § 101.614 · Subchapter M. SERIES LIMITED LIABILITY COMPANY

AUTHORITY TO WIND UP AND TERMINATE PROTECTED SERIES OR REGISTERED SERIES.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

Except to the extent otherwise provided in the company agreement and subject to Sections 101.617, 101.618, 101.619, and 101.620, a protected series or registered series and its business and affairs may be wound up and terminated without causing the winding up of the limited liability company.

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 d0ac8859bd1901e6f3f26759a6475593fb6fc6972249374c79b9fa53f1596070
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

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Business Organizations Code

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.