Sec. 101.152. ENFORCEABLE PROMISE NOT AFFECTED BY CHANGE IN CIRCUMSTANCES. A member of a limited liability company is obligated to perform an enforceable promise to make a contribution or otherwise pay cash or transfer property to the company without regard to the death, disability, or other change in circumstances of the member.
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 101.151. Requirements for Enforceable Promise
Section 101.152. Enforceable Promise Not Affected by Change in Circumstances
Section 101.153. Failure to Perform Enforceable Promise; Consequences
Section 101.154. Consent Required to Release Enforceable Obligation
Section 101.155. Creditor's Right to Enforce Certain Obligations
Section 101.156. Requirements to Enforce Conditional Obligation