Texas Business Organizations Code
Sec. § 101.203
Sharing of Distributions


Distributions of cash and other assets of a limited liability company shall be made to each member of the company according to the agreed value of the members contribution to the company as stated in the companys records required under Sections 3.151 and 101.501.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
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Nov. 18, 2019