Tex. Bus. Orgs. Code § 101.629 · Subchapter M. SERIES LIMITED LIABILITY COMPANY
CONVERSION NOT WINDING UP EVENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Unless otherwise agreed, the conversion of a converting series under Sections 101.627 through 101.631 does not:
(1) require the limited liability company or the converting series to wind up the series' affairs under Section 11.051, 11.056, 101.552 or 101.616 or to pay the series' liabilities and distribute its assets under Sections 11.053 and 101.617; or
(2) constitute an event requiring winding up of the company or the converting series.
Notes and commentary — not statutory text
History
Added 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 36c0bcd49becc9a862d250a45a06b9d943e428f58a8a6290011a14f6a380434e
- 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 § 11.051EVENT REQUIRING WINDING UP OF DOMESTIC ENTITY.Printed as Section 11.051, 11.056, 101.552 or 101.616
- Tex. Bus. Orgs. Code § 11.053PROPERTY APPLIED TO DISCHARGE LIABILITIES AND OBLIGATIONS.Printed as Sections 11.053 and 101.617
- Tex. Bus. Orgs. Code § 11.056SUPPLEMENTAL PROVISIONS FOR LIMITED LIABILITY COMPANY.Printed as Section 11.051, 11.056, 101.552 or 101.616
- Tex. Bus. Orgs. Code § 101.552APPROVAL OF VOLUNTARY WINDING UP, REVOCATION, CANCELLATION, OR REINSTATEMENT.Printed as Section 11.051, 11.056, 101.552 or 101.616
- Tex. Bus. Orgs. Code § 101.616EVENT REQUIRING WINDING UP.Printed as Section 11.051, 11.056, 101.552 or 101.616
- Tex. Bus. Orgs. Code § 101.617PROCEDURES FOR WINDING UP AND TERMINATION OF PROTECTED SERIES OR REGISTERED SERIES.Printed as Sections 11.053 and 101.617
- Tex. Bus. Orgs. Code § 101.627CONVERSION OF A REGISTERED SERIES TO A PROTECTED SERIES.Printed as Sections 101.627 through 101.631
- Tex. Bus. Orgs. Code § 101.631FILING OF CERTIFICATE OF CONVERSION.Printed as Sections 101.627 through 101.631
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.