Sec. 101.253. DESIGNATION OF COMMITTEES; DELEGATION OF AUTHORITY. (a) The governing authority of a limited liability company by resolution may designate:
(1) one or more committees of the governing authority consisting of one or more governing persons of the company; and
(2) subject to any limitation imposed by the governing authority, a governing person to serve as an alternate member of a committee designated under Subdivision (1) at a committee meeting from which a member of the committee is absent or disqualified.
(b) A committee of the governing authority of a limited liability company may exercise the authority of the governing authority as provided by the resolution designating the committee.
(c) The designation of a committee under this section does not relieve the governing authority of any responsibility imposed by law.
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