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Texas Business Organizations Code

§ 101.305 — MANAGER VACANCY

BO § 101.305Title 3. LIMITED LIABILITY COMPANIES · Ch. 101. LIMITED LIABILITY COMPANIES · Art. G. MANAGERS

Statute text

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(a)Subject to Section 101.306(b), a vacancy in the position of a manager of a limited liability company may be filled by:
(1)the affirmative vote of the majority of the remaining managers of the company, without regard to whether the remaining managers constitute a quorum; or
(2)the members at a meeting of the company's members called for that purpose.
(b)A person elected to fill a vacancy in the position of a manager serves for the unexpired term, if any, of the person's predecessor. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by:

Legislative history

Acts 2017, 85th Leg., R.S., Ch. 74 (S.B. 1517), Sec. 10, eff. September 1, 2017.

Source: Texas Business Organizations Code § 101.305 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.