Texas Business Organizations Code
§ 101.624 — AMENDING CERTIFICATE OF REGISTERED SERIES
BO § 101.624Title 3. LIMITED LIABILITY COMPANIES · Ch. 101. LIMITED LIABILITY COMPANIES · Art. M. SERIES LIMITED LIABILITY COMPANY
Statute text
View on source(a)A certificate of registered series is amended by filing a certificate of amendment in accordance with this section.
(b)If the company agreement of the limited liability company specifies the manner of adopting an amendment to the certificate of registered series, the amendment must be adopted as specified by the company agreement. If the company agreement does not specify the manner of adopting an amendment to the certificate of registered series but specifies the manner of adopting an amendment to the provisions of the company agreement governing the registered series, the amendment must be adopted as specified in the company agreement for the adoption of an amendment to the provisions of the company agreement governing the registered series. If the company agreement does not specify the manner of adopting an amendment to the certificate of registered series or to the provisions of the company agreement governing the registered series, the amendment must be approved:
(1)by all of the members of the registered series;
(2)if the registered series does not yet have any members but has managers, by all of the managers of the registered series; or
(3)if the registered series does not have members or managers, in the manner specified by the company agreement for authorization of the establishment of a new registered series of the limited liability company.
(c)The certificate of amendment must state:
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Legislative history
Acts 2023, 88th Leg., R.S., Ch. 27 (S.B. 1514), Sec. 44, eff. September 1, 2023.