Tex. Bus. Org. Code § 101.052 : BUSINESS ORGANIZATIONS CODE — LIMITED LIABILITY COMPANIES — LIMITED LIABILITY COMPANIES — FORMATION AND GOVERNING DOCUMENTS — Company Agreement

(a) Except as provided by Section 101.054, the company agreement of a limited liability company governs:
(1) the relations among members, managers, and officers of the company, assignees of membership interests in the company, and the company itself; and
(2) other internal affairs of the company.
(b) To the extent that the company agreement of a limited liability company does not otherwise provide, this title and the provisions of Title 1 applicable to a limited liability company govern the internal affairs of the company.
(c) Except as provided by Section 101.054, a provision of this title or Title 1 that is applicable to a limited liability company may be waived or modified in the company agreement of a limited liability company.
(d) The company agreement may contain any provisions for the regulation and management of the affairs of the limited liability company not inconsistent with law.
(e) A company agreement may provide rights to any person, including a person who is not a party to the company agreement, to the extent provided by the company agreement.
(f) A company agreement is enforceable by or against the limited liability company, regardless of whether the company has signed or otherwise expressly adopted the agreement.

Tex. Bus. Org. Code § 101.052

Amended by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 39,Sec. 26, eff. 9/1/2021.
Amended by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 74,Sec. 8, eff. 9/1/2017.
Amended by Acts 2013, 83rd Leg. - Regular Session, ch. 9,Sec. 5, eff. 9/1/2013.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.
SECTIONS