Texas Business Organizations Code - Section 101.305. Manager Vacancy
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Texas Laws > Business Organizations Code > Texas Business Organizations Code - Section 101.305. Manager Vacancy
Section: 101.253 101.254 101.255 101.301 101.302 101.303 101.304 101.305 101.306 101.307 101.351 101.352 101.353 101.354 101.355
§ 101.305. MANAGER VACANCY. (a) Subject to Section
101.306(b), a vacancy in the position of a manager of a limited
liability company may be filled by:
(1) the affirmative vote of the majority of the
remaining managers of the company, without regard to whether the
remaining managers constitute a quorum; or
(2) if the vacancy is a result of an increase in the
number of managers, an election at an annual or special meeting of
the company's members called for that purpose.
(b) A person elected to fill a vacancy in the position of a
manager serves for the unexpired term of the person's predecessor.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Last modified: August 11, 2007