Texas Business Organizations Code
Sec. § 101.205
Distribution on Withdrawal


A member of a limited liability company who validly exercises the members right to withdraw from the company granted under the company agreement is entitled to receive, within a reasonable time after the date of withdrawal, the fair value of the members interest in the company as determined as of the date of withdrawal.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
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Dec. 9, 2019