Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Business Organizations Code § 101.1055: SUBSCRIPTIONS.

Where this section sits in the code

BUSINESS ORGANIZATIONS CODE
TITLE 3. LIMITED LIABILITY COMPANIES
CHAPTER 101. LIMITED LIABILITY COMPANIES
SUBCHAPTER C. MEMBERSHIP

(a) A subscription to purchase a membership interest in a limited liability company in the process of being formed is irrevocable to the extent provided by the terms of the subscription if:

(1) the subscription is in writing and signed by the subscriber; and

(2) the subscription states that it is irrevocable.

(b) A written subscription entered into after the limited liability company is formed is a contract between the subscriber and the company.

Added by Acts 2025, 89th Leg., R.S., Ch. 199 (S.B. 2411), Sec. 48, eff. September 1, 2025.

Collected 2026-08-27T01:46:58Z. Source file · JSON

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