Tex. Bus. Orgs. Code Section 23.063
Withdrawal of Member

(a)

On written notice to the corporation’s board of directors, a member may withdraw from a corporation on the date stated in the notice. The date of a member’s withdrawal must be at least six months after the date notice is given under this subsection.

(b)

A member is not obligated to make a loan to the corporation pursuant to a call made after the date of the member’s withdrawal from the corporation, but a member shall fulfill any obligation that has accrued or for which a commitment has been made before the withdrawal date.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Source: Section 23.063 — Withdrawal of Member, https://statutes.­capitol.­texas.­gov/Docs/BO/htm/BO.­23.­htm#23.­063 (accessed Apr. 20, 2024).

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Accessed:
Apr. 20, 2024

§ 23.063’s source at texas​.gov