Sec. 101.252. MANAGEMENT BY GOVERNING AUTHORITY. The governing authority of a limited liability company shall manage the business and affairs of the company as provided by:
(1) the company agreement; and
(2) this title and the provisions of Title 1 applicable to a limited liability company to the extent that the company agreement does not provide for the management of the company.
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 101.251. Governing Authority
Section 101.252. Management by Governing Authority
Section 101.253. Designation of Committees; Delegation of Authority
Section 101.254. Designation of Agents; Binding Acts
Section 101.255. Contracts or Transactions Involving Interested Governing Persons or Officers