Tex. Bus. Org. Code § 101.205

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 101.205 - Distribution on Withdrawal

A member of a limited liability company who validly exercises the member's right to withdraw from the company granted under the company agreement is entitled to receive, within a reasonable time after the date of withdrawal, the fair value of the member's interest in the company as determined as of the date of withdrawal.

Tex. Bus. Org. Code § 101.205

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