Texas Business Organizations Code
§ 101.002 — APPLICABILITY OF OTHER LAWS
BO § 101.002Title 3. LIMITED LIABILITY COMPANIES · Ch. 101. LIMITED LIABILITY COMPANIES · Art. A. GENERAL PROVISIONS
Statute text
View on source(a)Subject to Section 101.114, Sections 21.223, 21.224, 21.225, and 21.226 apply to a limited liability company and the company's members, owners, assignees, affiliates, and subscribers.
(b)For purposes of the application of Subsection (a):
(1)a reference to "shares" includes "membership interests";
(2)a reference to "holder," "owner," or "shareholder" includes a "member" and an "assignee";
(3)a reference to "corporation" or "corporate" includes a "limited liability company";
(4)a reference to "directors" includes "managers" of a manager-managed limited liability company and "members" of a member-managed limited liability company;
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Legislative history
Added by Acts 2011, 82nd Leg., R.S., Ch. 25 (S.B. 323), Sec. 1, eff. September 1, 2011.