Tex. Bus. Org. Code § 101.401 : BUSINESS ORGANIZATIONS CODE — LIMITED LIABILITY COMPANIES — LIMITED LIABILITY COMPANIES — MODIFICATION OF DUTIES; INDEMNIFICATION — Expansion or Restriction of Duties and Liabilities

The company agreement of a limited liability company may expand or restrict any duties, including fiduciary duties, and related liabilities that a member, manager, officer, or other person has to the company or to a member or manager of the company.

Tex. Bus. Org. Code § 101.401

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