Texas Business Organizations Code - Section 101.101. Members Required
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§ 101.101. MEMBERS REQUIRED. (a) A limited liability
company may have one or more members. Except as provided by this
section, a limited liability company must have at least one member.
(b) A limited liability company that has managers is not
required to have any members during a reasonable period between the
date the company is formed and the date the first member is admitted
to the company.
(c) A limited liability company is not required to have any
members during the period between the date the continued membership
of the last remaining member of the company is terminated and the
date the agreement to continue the company described by Section
11.056 is executed.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 23.109 23.110 101.001 101.051 101.052 101.053 101.054 101.101 101.102 101.103 101.104 101.105 101.106 101.107 101.108
Last modified: August 11, 2007
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