Texas Business Organizations Code
Sec. § 101.401
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.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
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Nov. 18, 2019