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Texas Business Organizations Code

§ 101.055 — IRREVOCABLE POWER OF ATTORNEY

BO § 101.055Title 3. LIMITED LIABILITY COMPANIES · Ch. 101. LIMITED LIABILITY COMPANIES · Art. B. FORMATION AND GOVERNING DOCUMENTS

Statute text

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(a)This section applies only to:
(1)a power of attorney with respect to matters relating to the organization, internal affairs, or termination of a limited liability company; or
(2)a power of attorney granted by:
(A)a person as a member of or assignee of a membership interest in a limited liability company; or
(B)a person seeking to become a member of or assignee of a membership interest in a limited liability company.
(b)A power of attorney is irrevocable for all purposes if the power of attorney:
…

Legislative history

Added by Acts 2015, 84th Leg., R.S., Ch. 23 (S.B. 859), Sec. 2, eff. September 1, 2015.

Source: Texas Business Organizations Code § 101.055 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.