Sec. 101.101. MEMBERS REQUIRED. (a) A limited liability company may have one or more members. Except as provided by this section, a limited liability company must have at least one member.
(b) A limited liability company that has managers is not required to have any members during a reasonable period between the date the company is formed and the date the first member is admitted to the company.
(c) A limited liability company is not required to have any members during the period between the date the continued membership of the last remaining member of the company is terminated and the date the agreement to continue the company described by Section 11.056 is executed.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Title 3 - Limited Liability Companies
Chapter 101 - Limited Liability Companies
Section 101.101. Members Required
Section 101.102. Qualification for Membership
Section 101.103. Effective Date of Membership
Section 101.104. Classes or Groups of Members or Membership Interests
Section 101.105. Issuance of Membership Interests After Formation of Company
Section 101.106. Nature of Membership Interest
Section 101.107. Withdrawal or Expulsion of Member Prohibited
Section 101.108. Assignment of Membership Interest
Section 101.109. Rights and Duties of Assignee of Membership Interest Before Membership
Section 101.110. Rights and Liabilities of Assignee of Membership Interest After Becoming Member
Section 101.111. Rights and Duties of Assignor of Membership Interest
Section 101.1115. Effect of Death or Divorce on Membership Interest
Section 101.112. Member's Membership Interest Subject to Charging Order