Texas Business Organizations Code - Section 101.359. Effective Action By Members Or Managers With Or Without Meeting
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§ 101.359. EFFECTIVE ACTION BY MEMBERS OR MANAGERS WITH OR
WITHOUT MEETING. Members or managers of a limited liability
company may take action at a meeting of the members or managers or
without a meeting in any manner permitted by this title, Title 1, or
the governing documents of the company. Unless otherwise provided
by the governing documents, an action is effective if it is taken:
(1) by an affirmative vote of those persons having at
least the minimum number of votes that would be necessary to take
the action at a meeting at which each member or manager, as
appropriate, entitled to vote on the action is present and votes;
or
(2) with the consent of each member of the limited
liability company, which may be established by:
(A) the member's failure to object to the action
in a timely manner, if the member has full knowledge of the action;
(B) consent to the action in writing signed by
the member; or
(C) any other means reasonably evidencing
consent.
Added by Acts 2005, 79th Leg., ch. 64, § 75, eff. Jan. 1, 2006.
Section: 101.352 101.353 101.354 101.355 101.356 101.357 101.358 101.359 101.401 101.402 101.451 101.452 101.453 101.454 101.455
Last modified: August 11, 2007
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