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Texas Business Organizations Code

§ 101.627 — CONVERSION OF A REGISTERED SERIES TO A PROTECTED SERIES

BO § 101.627Title 3. LIMITED LIABILITY COMPANIES · Ch. 101. LIMITED LIABILITY COMPANIES · Art. M. SERIES LIMITED LIABILITY COMPANY

Statute text

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(a)Upon compliance with Section 101.628, a registered series of a domestic limited liability company may convert to a protected series of the domestic limited liability company by filing a certificate of conversion that complies with Section 101.631 with the secretary of state in accordance with and taking effect as a filing instrument as specified by Chapter 4.
(b)Upon compliance with Section 101.628, a protected series of a domestic limited liability company may convert to a registered series of the domestic limited liability company by filing simultaneously with the secretary of state in accordance with, and taking effect as a filing instrument as specified by, Chapter 4:
(1)a certificate of conversion that complies with Section 101.631; and
(2)a certificate of registered series as provided by Section 101.623.
(c)An existing registered series may not become a protected series except as provided by Subsection (a) and Sections 101.628 through 101.632.
(d)For purposes of this section and Sections 101.628 through 101.632:
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Legislative history

Acts 2023, 88th Leg., R.S., Ch. 27 (S.B. 1514), Sec. 46, eff. September 1, 2023.

Source: Texas Business Organizations Code § 101.627 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.