Texas Business Organizations Code
Sec. § 101.155
Creditor’s Right to Enforce Certain Obligations

A creditor of a limited liability company who extends credit or otherwise acts in reasonable reliance on an enforceable obligation of a member of the company that is released or settled as provided by Section 101.154 (Consent Required to Release Enforceable Obligation) may enforce the original obligation if the obligation is stated in a document that is:

(1)

signed by the member; and

(2)

not amended or canceled to evidence the release or settlement of the obligation.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source
Tex. Legislature
Last accessed
Sep. 20, 2020
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