Tex. Bus. Orgs. Code § 101.619 · Subchapter M. SERIES LIMITED LIABILITY COMPANY
CANCELLATION OF EVENT REQUIRING WINDING UP.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Unless the cancellation is prohibited by the company agreement, an event requiring winding up of the protected series or registered series under Section 101.616(2)(A) or (B) may be canceled by the consent of all of the members of the protected series or registered series before the termination of the protected series or registered series takes effect.
(b) In connection with the cancellation, the members must amend the company agreement to:
(1) eliminate or extend the time specified for the protected series or registered series if the event requiring winding up of the protected series or registered series occurred under Section 101.616(2)(A); or
(2) eliminate or revise the event specified with respect to the protected series or registered series if the event requiring winding up of the protected series or registered series occurred under Section 101.616(2)(B).
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 72653da03e0a5cb95dc73bb47c32ee2accf63e446126f671622812bb4d417728
- 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.
Cited by 6 provisions
Provisions in this library whose text cites Tex. Bus. Orgs. Code § 101.619. 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 101.619
- Tex. Bus. Orgs. Code § 101.620CONTINUATION OF BUSINESS.Printed as Section 101.619
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.