Texas Business Organizations Code - Section 11.056. Supplemental Event Requiring Winding Up Of Limited Liability Company
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Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 11.056. Supplemental Event Requiring Winding Up Of Limited Liability Company
§ 11.056. SUPPLEMENTAL EVENT REQUIRING WINDING UP OF
LIMITED LIABILITY COMPANY. In addition to an event listed under
Section 11.051, the termination of the continued membership of the
last remaining member of a limited liability company is an event
requiring a winding up unless, not later than the 90th day after the
date of the termination, the legal representative or successor of
the last remaining member agrees:
(1) to continue the company; and
(2) to become a member of the company effective as of
the date of the termination or to designate another person who
agrees to become a member of the company effective as of the date of
the termination.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 10.902 11.001 11.051 11.052 11.053 11.054 11.055 11.056 11.057 11.058 11.059 11.101 11.102 11.103 11.104
Last modified: August 11, 2007
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