Texas Business Organizations Code

§ 1.104 — LAW APPLICABLE TO LIABILITY

BO § 1.104Title 1. GENERAL PROVISIONS · Ch. 1. DEFINITIONS AND OTHER GENERAL PROVISIONS · Art. C. DETERMINATION OF APPLICABLE LAW

Statute text

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The law of the jurisdiction that governs an entity as determined under Sections 1.101-1.103 applies to the liability of an owner, a member, or a managerial official of the entity in the capacity as an owner, a member, or a managerial official for an obligation, including a debt or other liability, of the entity for which the owner, member, or managerial official is not otherwise liable by contract or under provisions of law other than this code.

Legislative history

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.