Login

Tex. Bus. Org. Code § 101.114 : BUSINESS ORGANIZATIONS CODE — LIMITED LIABILITY COMPANIES — LIMITED LIABILITY COMPANIES — MEMBERSHIP — Liability for Obligations

Except as and to the extent the company agreement specifically provides otherwise, a member or manager is not liable for a debt, obligation, or liability of a limited liability company, including a debt, obligation, or liability under a judgment, decree, or order of a court.

Tex. Bus. Org. Code § 101.114

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