Tex. Bus. Orgs. Code § 101.615 · Subchapter M. SERIES LIMITED LIABILITY COMPANY
TERMINATION OF PROTECTED SERIES OR REGISTERED SERIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as otherwise provided by Sections 101.617, 101.618, 101.619, and 101.620, the protected series terminates on the completion of the winding up of the business and affairs of the protected series in accordance with Sections 101.617, 101.618, 101.619, and 101.620.
(b) Except as otherwise provided by Sections 101.617, 101.618, 101.619, and 101.620, the registered series terminates on:
(1) the completion of the winding up of the business and affairs of the registered series in accordance with Sections 101.617, 101.618, 101.619, and 101.620; and
(2) the effectiveness of the filing with the secretary of state of a certificate of termination for the registered series.
(c) The limited liability company shall provide notice of the termination of a protected series or registered series in the manner provided in the company agreement for notice of termination, if any.
(d) The termination of the protected series or registered series does not affect the limitation on liabilities of the protected series or registered series provided by Section 101.602.
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 9cdc60c051117fb73effb66aa44519fa0a6796e08937b394d209d4fea8fdc9aa
- 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 § 101.602ENFORCEABILITY OF OBLIGATIONS AND EXPENSES OF PROTECTED SERIES OR REGISTERED SERIES AGAINST ASSETS.Printed as Section 101.602
- Tex. Bus. Orgs. Code § 101.617PROCEDURES FOR WINDING UP AND TERMINATION OF PROTECTED SERIES OR REGISTERED SERIES.Printed as Sections 101.617, 101.618, 101.619, and 101.620
- Tex. Bus. Orgs. Code § 101.618REVOCATION OF VOLUNTARY WINDING UP.Printed as Sections 101.617, 101.618, 101.619, and 101.620
- Tex. Bus. Orgs. Code § 101.619CANCELLATION OF EVENT REQUIRING WINDING UP.Printed as Sections 101.617, 101.618, 101.619, and 101.620
- Tex. Bus. Orgs. Code § 101.620CONTINUATION OF BUSINESS.Printed as Sections 101.617, 101.618, 101.619, and 101.620
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.