Tex. Bus. Org. Code § 101.202

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 101.202 - Distribution in Kind

A member of a limited liability company is entitled to receive or demand a distribution from the company only in the form of cash, regardless of the form of the member's contribution to the company.

Tex. Bus. Org. Code § 101.202

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