Texas Business Organizations Code
Sec. § 101.002
Applicability of Other Laws


Subject to Section 101.114, Sections 21.223, 21.224, 21.225, and 21.226 apply to a limited liability company and the companys members, owners, assignees, affiliates, and subscribers.


For purposes of the application of Subsection (a):


a reference to "shares" includes "membership interests";


a reference to "holder," "owner," or "shareholder" includes a "member" and an "assignee";


a reference to "corporation" or "corporate" includes a "limited liability company";


a reference to "directors" includes "managers" of a manager-managed limited liability company and "members" of a member-managed limited liability company;


a reference to "bylaws" includes "company agreement"; and


the reference to "Sections 21.157-21.162" in Section 21.223(a)(1) refers to the provisions of Subchapter D of this chapter.
Added by Acts 2011, 82nd Leg., R.S., Ch. 25 (S.B. 323), Sec. 1, eff. September 1, 2011.
Last accessed
Nov. 19, 2019