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Texas Business Organizations Code - Section 101.203. Sharing Of Distributions

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 101.203. Sharing Of Distributions

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§ 101.203. SHARING OF DISTRIBUTIONS. Distributions of cash and other assets of a limited liability company shall be made to each member of the company according to the agreed value of the member's contribution to the company as stated in the company's records required under Sections 3.151 and 101.501. Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.

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Last modified: August 11, 2007