Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 101.156 - Requirements to Enforce Conditional Obligation(a) An obligation of a member of a limited liability company that is subject to a condition may be enforced by the company or a creditor described by Section 101.155 only if the condition is satisfied or waived by or with respect to the member.(b) A conditional obligation of a member of a limited liability company under this section includes a contribution payable on a discretionary call of the limited liability company before the time the call occurs.Tex. Bus. Org. Code § 101.156
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.