{"data":{"id":"us-tx/tex.-business-organizations-code-101.105","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 101.105","heading":"ISSUANCE OF MEMBERSHIP INTERESTS AFTER FORMATION OF COMPANY.","body":"A limited liability company, after the formation of the company, may:\n(1) issue membership interests in the company to any person with the approval of all of the members of the company; and\n(2) if the issuance of a membership interest requires the establishment of a new class or group of members or membership interests, establish a new class or group as provided by Sections 101.104(a)(2), (b), and (c).\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 3. LIMITED LIABILITY COMPANIES","CHAPTER 101. LIMITED LIABILITY COMPANIES","SUBCHAPTER C. MEMBERSHIP"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm#101.105","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"87c7dcfb8509a2b43f957eb326ed6ff3ff621ba124f5c33da5f6da8a276df396","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-101.104","next":"us-tx/tex.-business-organizations-code-101.1055"},"notice":"GroundRules: Original legal text. Not legal advice."}