Tex. Business Organizations Code § 101.156: REQUIREMENTS TO ENFORCE CONDITIONAL OBLIGATION.
Where this section sits in the code
- BUSINESS ORGANIZATIONS CODE
- TITLE 3. LIMITED LIABILITY COMPANIES
- CHAPTER 101. LIMITED LIABILITY COMPANIES
- 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