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Texas Business Organizations Code - Section 101.105. Issuance Of Membership Interests After Formation Of Company

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 101.105. Issuance Of Membership Interests After Formation Of Company

§ 101.105. ISSUANCE OF MEMBERSHIP INTERESTS AFTER 
FORMATION OF COMPANY.  A limited liability company, after the 
formation of the company, may:
		(1)  issue membership interests in the company to any 
person with the approval of all of the members of the company;  and
		(2)  if the issuance of a membership interest requires 
the establishment of a new class or group of members or membership 
interests, establish a new class or group as provided by Sections 
101.104(a)(2), (b), and (c).

Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.                     

Last modified: August 11, 2007