Texas Business Organizations Code
Sec. § 101.105
Issuance of Membership Interests After Formation of Company


A limited liability company, after the formation of the company, may:

(1)

issue membership interests in the company to any person with the approval of all of the members of the company; and

(2)

if the issuance of a membership interest requires the establishment of a new class or group of members or membership interests, establish a new class or group as provided by Sections 101.104 (Classes or Groups of Members or Membership Interests)(a)(2), (b), and (c).
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source
Last accessed
Jan. 22, 2020