Texas Business Organizations Code
Sec. § 101.152
Enforceable Promise Not Affected by Change in Circumstances

A member of a limited liability company is obligated to perform an enforceable promise to make a contribution or otherwise pay cash or transfer property to the company without regard to the death, disability, or other change in circumstances of the member.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Last accessed
Oct. 14, 2020