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Texas Business Organizations Code

§ 101.253 — DESIGNATION OF COMMITTEES; DELEGATION OF AUTHORITY

BO § 101.253Title 3. LIMITED LIABILITY COMPANIES · Ch. 101. LIMITED LIABILITY COMPANIES · Art. F. MANAGEMENT

Statute text

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(a)The governing authority of a limited liability company by resolution may designate:
(1)one or more committees of the governing authority consisting of one or more governing persons of the company; and
(2)subject to any limitation imposed by the governing authority, a governing person to serve as an alternate member of a committee designated under Subdivision (1) at a committee meeting from which a member of the committee is absent or disqualified.
(b)A committee of the governing authority of a limited liability company may exercise the authority of the governing authority as provided by the resolution designating the committee.
(c)The designation of a committee under this section does not relieve the governing authority of any responsibility imposed by law.

Legislative history

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

Source: Texas Business Organizations Code § 101.253 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.