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

Tex. Business Organizations Code § 101.156: REQUIREMENTS TO ENFORCE CONDITIONAL OBLIGATION.

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Where this section sits in the code
  1. BUSINESS ORGANIZATIONS CODE
  2. TITLE 3. LIMITED LIABILITY COMPANIES
  3. CHAPTER 101. LIMITED LIABILITY COMPANIES
  4. SUBCHAPTER D. CONTRIBUTIONS

(a) An obligation of a member of a limited liability company that is subject to a condition may be enforced by the company or a creditor described by Section 101.155 only if the condition is satisfied or waived by or with respect to the member.

(b) A conditional obligation of a member of a limited liability company under this section includes a contribution payable on a discretionary call of the limited liability company before the time the call occurs.

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

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

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