{"data":{"id":"us-tx/tex.-business-organizations-code-101.1055","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 101.1055","heading":"SUBSCRIPTIONS.","body":"(a) A subscription to purchase a membership interest in a limited liability company in the process of being formed is irrevocable to the extent provided by the terms of the subscription if:\n(1) the subscription is in writing and signed by the subscriber; and\n(2) the subscription states that it is irrevocable.\n(b) A written subscription entered into after the limited liability company is formed is a contract between the subscriber and the company.\nAdded by Acts 2025, 89th Leg., R.S., Ch. 199 (S.B. 2411), Sec. 48, eff. September 1, 2025.","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#101.1055","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"a2451d7fe99e501d2946366b694b0bf8356a9acb8ed539edb6bbff2b26d1419b","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-101.105","next":"us-tx/tex.-business-organizations-code-101.106"},"notice":"GroundRules: Original legal text. Not legal advice."}