Tex. Bus. Org. Code § 101.629

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

Section 101.629 - Conversion Not Winding Up Event

Unless otherwise agreed, the conversion of a converting series under Sections 101.627 through 101.631 does not:

(1) require the limited liability company or the converting series to wind up the series' affairs under Section 11.051, 11.056, 101.552 or 101.616 or to pay the series' liabilities and distribute its assets under Sections 11.053 and 101.617; or

(2) constitute an event requiring winding up of the company or the converting series.

Tex. Bus. Org. Code § 101.629

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