{"data":{"id":"us-tx/tex.-business-organizations-code-101.611","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 101.611","heading":"MEMBER STATUS WITH RESPECT TO DISTRIBUTION.","body":"(a) Subject to Sections 101.613, 101.617, 101.618, 101.619, and 101.620, when a member associated with a protected series or registered series established under this subchapter is entitled to receive a distribution with respect to the protected series or registered series, the member, with respect to the distribution, has the same status as a creditor of the protected series or registered series and is entitled to any remedy available to a creditor of the protected series or registered series.\n(b) Section 101.206 does not apply to a distribution with respect to the protected series or registered series.\nAdded by Acts 2009, 81st Leg., R.S., Ch. 84 (S.B. 1442), Sec. 45, eff. September 1, 2009.\nAmended by:\nActs 2011, 82nd Leg., R.S., Ch. 139 (S.B. 748), Sec. 40, eff. September 1, 2011.\nActs 2021, 87th Leg., R.S., Ch. 43 (S.B. 1523), Sec. 1, eff. June 1, 2022.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 3. LIMITED LIABILITY COMPANIES","CHAPTER 101. LIMITED LIABILITY COMPANIES","SUBCHAPTER M. SERIES LIMITED LIABILITY COMPANY"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm#101.611","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"dee92b40e30c8e9670ac63b9e44b56be33f3f20f3bfff671e9f459b6a6818811","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-101.610","next":"us-tx/tex.-business-organizations-code-101.612"},"notice":"GroundRules: Original legal text. Not legal advice."}