Texas Business Organizations Code - Section 101.052. Company Agreement
Legal Research Home >
Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 101.052. Company Agreement
§ 101.052. COMPANY AGREEMENT. (a) Except as provided by
Section 101.054, the company agreement of a limited liability
company governs:
(1) the relations among members, managers, and
officers of the company, assignees of membership interests in the
company, and the company itself; and
(2) other internal affairs of the company.
(b) To the extent that the company agreement of a limited
liability company does not otherwise provide, this title and the
provisions of Title 1 applicable to a limited liability company
govern the internal affairs of the company.
(c) Except as provided by Section 101.054, a provision of
this title or Title 1 that is applicable to a limited liability
company may be waived or modified in the company agreement of a
limited liability company.
(d) The company agreement may contain any provisions for the
regulation and management of the affairs of the limited liability
company not inconsistent with law or the certificate of formation.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 23.106 23.107 23.108 23.109 23.110 101.001 101.051 101.052 101.053 101.054 101.101 101.102 101.103 101.104 101.105
Last modified: August 11, 2007
|
