Tex.
Bus. Orgs. Code Section 101.615
Termination of Protected Series or Registered Series
(a)
Except as otherwise provided by Sections 101.617 (Procedures for Winding up and Termination of Protected Series or Registered Series), 101.618 (Revocation of Voluntary Winding up), 101.619 (Cancellation of Event Requiring Winding up), and 101.620 (Continuation of Business), the protected series terminates on the completion of the winding up of the business and affairs of the protected series in accordance with Sections 101.617 (Procedures for Winding up and Termination of Protected Series or Registered Series), 101.618 (Revocation of Voluntary Winding up), 101.619 (Cancellation of Event Requiring Winding up), and 101.620 (Continuation of Business).(b)
Except as otherwise provided by Sections 101.617 (Procedures for Winding up and Termination of Protected Series or Registered Series), 101.618 (Revocation of Voluntary Winding up), 101.619 (Cancellation of Event Requiring Winding up), and 101.620 (Continuation of Business), the registered series terminates on:(1)
the completion of the winding up of the business and affairs of the registered series in accordance with Sections 101.617 (Procedures for Winding up and Termination of Protected Series or Registered Series), 101.618 (Revocation of Voluntary Winding up), 101.619 (Cancellation of Event Requiring Winding up), and 101.620 (Continuation of Business); and(2)
the effectiveness of the filing with the secretary of state of a certificate of termination for the registered series.(c)
The limited liability company shall provide notice of the termination of a protected series or registered series in the manner provided in the company agreement for notice of termination, if any.(d)
The termination of the protected series or registered series does not affect the limitation on liabilities of the protected series or registered series provided by Section 101.602 (Enforceability of Obligations and Expenses of Protected Series or Registered Series Against Assets).
Source:
Section 101.615 — Termination of Protected Series or Registered Series, https://statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm#101.615
(accessed Jun. 5, 2024).