{"data":{"id":"us-tx/tex.-business-organizations-code-101.204","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 101.204","heading":"INTERIM DISTRIBUTIONS.","body":"A member of a limited liability company, before the winding up of the company, is not entitled to receive and may not demand a distribution from the company until the company's governing authority declares a distribution to:\n(1) each member of the company; or\n(2) a class or group of members that includes the member.\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 E. ALLOCATIONS AND DISTRIBUTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm#101.204","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"2582adfa34d772e7797417b966fb8ddd4e3d6bfdcb81d2e69cf4d22847a47526","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-101.203","next":"us-tx/tex.-business-organizations-code-101.205"},"notice":"GroundRules: Original legal text. Not legal advice."}