Texas Business Organizations Code - Section 101.253. Designation Of Committees; Delegation Of Authority
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Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 101.253. Designation Of Committees; Delegation Of Authority
§ 101.253. DESIGNATION OF COMMITTEES; DELEGATION OF
AUTHORITY. (a) The governing authority of a limited liability
company by resolution may designate:
(1) one or more committees of the governing authority
consisting of one or more governing persons of the company; and
(2) subject to any limitation imposed by the governing
authority, a governing person to serve as an alternate member of a
committee designated under Subdivision (1) at a committee meeting
from which a member of the committee is absent or disqualified.
(b) A committee of the governing authority of a limited
liability company may exercise the authority of the governing
authority as provided by the resolution designating the committee.
(c) The designation of a committee under this section does
not relieve the governing authority of any responsibility imposed
by law.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 101.203 101.204 101.205 101.206 101.207 101.251 101.252 101.253 101.254 101.255 101.301 101.302 101.303 101.304 101.305
Last modified: August 11, 2007
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