Section 101.611 - Member Status With Respect To Distribution(a) Subject to Sections 101.613, 101.617, 101.618, 101.619, and 101.620, when a member associated with a protected series or registered series established under this subchapter is entitled to receive a distribution with respect to the protected series or registered series, the member, with respect to the distribution, has the same status as a creditor of the protected series or registered series and is entitled to any remedy available to a creditor of the protected series or registered series. (b) Section 101.206 does not apply to a distribution with respect to the protected series or registered series. Tex. Bus. Org. Code § 101.611
Amended by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 43,Sec. 1, eff. 6/1/2022.Amended by Acts 2011, 82nd Leg., R.S., Ch. 139, Sec. 40, eff. 9/1/2011.Added by Acts 2009, 81st Leg., R.S., Ch. 84, Sec. 45, eff. 9/1/2009.