Texas Business Organizations Code - Section 23.063. Withdrawal Of Member
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§ 23.063. WITHDRAWAL OF MEMBER. (a) On written notice to
the corporation's board of directors, a member may withdraw from a
corporation on the date stated in the notice. The date of a
member's withdrawal must be at least six months after the date
notice is given under this subsection.
(b) A member is not obligated to make a loan to the
corporation pursuant to a call made after the date of the member's
withdrawal from the corporation, but a member shall fulfill any
obligation that has accrued or for which a commitment has been made
before the withdrawal date.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 23.056 23.057 23.058 23.059 23.060 23.061 23.062 23.063 23.064 23.065 23.066 23.067 23.068 23.069 23.070
Last modified: August 11, 2007
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