Tex. Bus. Org. Code § 101.305

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 101.305 - Manager Vacancy

(a) Subject to Section 101.306(b), a vacancy in the position of a manager of a limited liability company may be filled by:

(1) the affirmative vote of the majority of the remaining managers of the company, without regard to whether the remaining managers constitute a quorum; or

(2) the members at a meeting of the company's members called for that purpose.

(b) A person elected to fill a vacancy in the position of a manager serves for the unexpired term, if any, of the person's predecessor.

Tex. Bus. Org. Code § 101.305

Amended by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 74,Sec. 10, eff. 9/1/2017.

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