Tex. Bus. Orgs. Code § 101.618 · Subchapter M. SERIES LIMITED LIABILITY COMPANY
REVOCATION OF VOLUNTARY WINDING UP.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Before the termination of the protected series or registered series takes effect, a voluntary decision to wind up the protected series or registered series under Section 101.616(2)(C) or (D) may be revoked by:
(1) a majority vote of all of the members associated with the protected series or registered series approving the revocation or, if there is more than one class or group of members associated with the protected series or registered series, a majority vote of the members of each class or group of members associated with the protected series or registered series approving the revocation; or
(2) if the protected series or registered series has no members, a majority vote of all the managers associated with the protected series or registered series approving the revocation or, if there is more than one class or group of managers associated with the protected series or registered series, a majority vote of the managers of each class or group of managers associated with the protected series or registered series approving the revocation.
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 88a559e350cb2d8f3c2ac4be50f6dee847fe38482fa6ec403b5cd1b393a52be9
- 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
Cited by 6 provisions
Provisions in this library whose text cites Tex. Bus. Orgs. Code § 101.618. Each shows the citation as that text prints it.
Business Organizations Code
- Tex. Bus. Orgs. Code § 101.611MEMBER STATUS WITH RESPECT TO DISTRIBUTION.Printed as Sections 101.613, 101.617, 101.618, 101.619, and 101.620
- Tex. Bus. Orgs. Code § 101.614AUTHORITY TO WIND UP AND TERMINATE PROTECTED SERIES OR REGISTERED SERIES.Printed as Sections 101.617, 101.618, 101.619, and 101.620
- Tex. Bus. Orgs. Code § 101.615TERMINATION OF PROTECTED SERIES OR REGISTERED SERIES.Printed as Sections 101.617, 101.618, 101.619, and 101.620
- Tex. Bus. Orgs. Code § 101.616EVENT REQUIRING WINDING UP.Printed as Sections 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 Section 101.618
- Tex. Bus. Orgs. Code § 101.620CONTINUATION OF BUSINESS.Printed as Section 101.618
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.