Texas Business Organizations Code
Sec. § 101.103
Effective Date of Membership


(a)

In connection with the formation of a company, a person becomes a member of the company on the date the company is formed if the person is named as an initial member in the companys certificate of formation.

(b)

In connection with the formation of a company, a person being admitted as a member of the company but not named as an initial member in the companys certificate of formation becomes a member of the company on the latest of:

(1)

the date the company is formed;

(2)

the date stated in the companys records as the date the person becomes a member of the company; or

(3)

if the companys records do not state a date described by Subdivision (2), the date the persons admission to the company is first reflected in the companys records.

(c)

A person who, after the formation of a limited liability company, acquires directly or is assigned a membership interest in the company or is admitted as a member of the company without acquiring a membership interest becomes a member of the company on approval or consent of all of the companys members.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2005, 79th Leg., Ch. 64 (H.B. 1319), Sec. 72, eff. January 1, 2006.
Source
Last accessed
Oct. 19, 2019