Tex. Bus. Org. Code § 101.605

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

Section 101.605 - General Powers Of Protected Series Or Registered Series

A protected series or registered series established under this subchapter has the power and capacity, in the name of the protected series or registered series, to:

(1) sue and be sued;

(2) contract;

(3) acquire, sell, and hold title to assets of the protected series or registered series, including real property, personal property, and intangible property;

(4) grant liens and security interests in assets of the protected series or registered series;

(5) be a promoter, organizer, partner, owner, member, associate, or manager of an organization; and

(6) exercise any power or privilege as necessary or appropriate to the conduct, promotion, or attainment of the business, purposes, or activities of the protected series or registered series.

Tex. Bus. Org. Code § 101.605

Amended by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 43,Sec. 1, eff. 6/1/2022.

Amended by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 74,Sec. 13, eff. 9/1/2017.

Amended by Acts 2013, 83rd Leg. - Regular Session, ch. 9,Sec. 6, eff. 9/1/2013.

Added by Acts 2009, 81st Leg., R.S., Ch. 84, Sec. 45, eff. 9/1/2009.