GroundRules
Tex. Business Organizations Code § 101.152: ENFORCEABLE PROMISE NOT AFFECTED BY CHANGE IN CIRCUMSTANCES.
Where this section sits in the code
- BUSINESS ORGANIZATIONS CODE
- TITLE 3. LIMITED LIABILITY COMPANIES
- CHAPTER 101. LIMITED LIABILITY COMPANIES
- SUBCHAPTER D. CONTRIBUTIONS
A member of a limited liability company is obligated to perform an enforceable promise to make a contribution or otherwise pay cash or transfer property to the company without regard to the death, disability, or other change in circumstances of the member.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Collected 2026-08-27T01:46:58Z. Source file · JSON