{"data":{"id":"us-tx/tex.-business-organizations-code-23.063","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 23.063","heading":"WITHDRAWAL OF MEMBER.","body":"(a) On written notice to the corporation's board of directors, a member may withdraw from a corporation on the date stated in the notice. The date of a member's withdrawal must be at least six months after the date notice is given under this subsection.\n(b) A member is not obligated to make a loan to the corporation pursuant to a call made after the date of the member's withdrawal from the corporation, but a member shall fulfill any obligation that has accrued or for which a commitment has been made before the withdrawal date.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 23. SPECIAL-PURPOSE CORPORATIONS","SUBCHAPTER B. BUSINESS DEVELOPMENT CORPORATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.23.htm#23.063","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"ee37e4fbff619ba59547a42856d8db77ef9f8d336cc921788495acac74d3bc0c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-23.062","next":"us-tx/tex.-business-organizations-code-23.064"},"notice":"GroundRules: Original legal text. Not legal advice."}