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Texas Business Organizations Code

§ 101.604 — NOTICE OF LIMITATION ON LIABILITIES OF PROTECTED SERIES OR REGISTERED SERIES

BO § 101.604Title 3. LIMITED LIABILITY COMPANIES · Ch. 101. LIMITED LIABILITY COMPANIES · Art. M. SERIES LIMITED LIABILITY COMPANY

Statute text

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(a)Notice of the limitation on liabilities of a protected series or registered series required by Section 101.602 that is contained in a certificate of formation filed with the secretary of state satisfies the requirements of Section 101.602(b)(3), regardless of whether:
(1)the limited liability company has established any protected series or registered series under this subchapter when the notice is contained in the certificate of formation;
(2)the notice makes a reference to a specific protected series or registered series of the limited liability company; and
(3)the notice:
(A)uses the term "protected" or "registered" when referencing the series; or
(B)includes a reference to Section 101.602.

Legislative history

Acts 2021, 87th Leg., R.S., Ch. 43 (S.B. 1523), Sec. 1, eff. June 1, 2022.

Source: Texas Business Organizations Code § 101.604 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.