Statutes, codes, and regulations
Texas Codes
BUSINESS ORGANIZATIONS CODETitle 3 - LIMITED LIABILITY COMPANIESChapter 101 - LIMITED LIABILITY COMPANIES
Subchapter D - CONTRIBUTIONS
Section 101.152 - Enforceable Promise Not Affected By Change in Circumstances

Tex. Bus. Org. Code § 101.152

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Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 101.152 - Enforceable Promise Not Affected By Change in Circumstances

A member of a limited liability company is obligated to perform an enforceable promise to make a contribution or otherwise pay cash or transfer property to the company without regard to the death, disability, or other change in circumstances of the member.

Tex. Bus. Org. Code § 101.152

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