Sec. 101.457. TOLLING OF STATUTE OF LIMITATIONS. A written demand filed with the limited liability company under Section 101.453 tolls the statute of limitations on the claim on which demand is made until the later of:
(1) the 31st day after the expiration of any waiting period under Section 101.453(a); or
(2) the 31st day after the expiration of any stay granted under Section 101.455, including all continuations of the stay.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 899 (H.B. 3603), Sec. 19, eff. September 1, 2019.
Acts 2021, 87th Leg., R.S., Ch. 39 (S.B. 1203), Sec. 30, eff. September 1, 2021.
Structure Texas Statutes
Title 3 - Limited Liability Companies
Chapter 101 - Limited Liability Companies
Subchapter J. Derivative Proceedings
Section 101.452. Standing to Bring Proceeding
Section 101.454. Determination by Governing or Independent Persons
Section 101.455. Stay of Proceeding
Section 101.457. Tolling of Statute of Limitations
Section 101.458. Dismissal of Derivative Proceeding
Section 101.459. Allegations After Demand Rejected
Section 101.460. Discontinuance or Settlement
Section 101.461. Payment of Expenses
Section 101.462. Application to Foreign Limited Liability Companies