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

Tex. Business Organizations Code § 101.401: EXPANSION, RESTRICTION, OR ELIMINATION OF DUTIES AND LIABILITIES.

Where this section sits in the code

BUSINESS ORGANIZATIONS CODE
TITLE 3. LIMITED LIABILITY COMPANIES
CHAPTER 101. LIMITED LIABILITY COMPANIES
SUBCHAPTER I. MODIFICATION OF DUTIES; INDEMNIFICATION

The company agreement of a limited liability company may expand, restrict, or eliminate any duties, including fiduciary duties, and related liabilities that a member, manager, officer, or other person has to the company or to a member or manager of the company.

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

Amended by:

Acts 2025, 89th Leg., R.S., Ch. 21 (S.B. 29), Sec. 18, eff. May 14, 2025.

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

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