Texas Business Organizations Code
Sec. § 101.203
Sharing of Distributions

Distributions of cash and other assets of a limited liability company shall be made to each member of the company according to the agreed value of the member’s contribution to the company as stated in the company’s records required under Sections 3.151 and 101.501.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source
Tex. Legislature
Last accessed
Jul. 6, 2020
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