{"data":{"id":"us-tx/tex.-business-organizations-code-101.110","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 101.110","heading":"RIGHTS AND LIABILITIES OF ASSIGNEE OF MEMBERSHIP INTEREST AFTER BECOMING MEMBER.","body":"(a) An assignee of a membership interest in a limited liability company, after becoming a member of the company, is:\n(1) entitled, to the extent assigned, to the same rights and powers granted or provided to a member of the company by the company agreement or this code;\n(2) subject to the same restrictions and liabilities placed or imposed on a member of the company by the company agreement or this code; and\n(3) except as provided by Subsection (b), liable for the assignor's obligation to make contributions to the company.\n(b) An assignee of a membership interest in a limited liability company, after becoming a member of the company, is not obligated for a liability of the assignor that:\n(1) the assignee did not have knowledge of on the date the assignee became a member of the company; and\n(2) could not be ascertained from the company agreement.\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#101.110","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"08072007f945bb57dca209d0cd2723b02529ee3342be888dee07cd5ec0c5f71d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-101.109","next":"us-tx/tex.-business-organizations-code-101.111"},"notice":"GroundRules: Original legal text. Not legal advice."}