Texas Statutes
Subchapter M. Series Limited Liability Company
Section 101.604. Notice of Limitation on Liabilities of Protected Series or Registered Series

Sec. 101.604. NOTICE OF LIMITATION ON LIABILITIES OF PROTECTED SERIES OR REGISTERED SERIES. (a) Notice of the limitation on liabilities of a protected series or registered series required by Section 101.602 that is contained in a certificate of formation filed with the secretary of state satisfies the requirements of Section 101.602(b)(3), regardless of whether:
(1) the limited liability company has established any protected series or registered series under this subchapter when the notice is contained in the certificate of formation;
(2) the notice makes a reference to a specific protected series or registered series of the limited liability company; and
(3) the notice:
(A) uses the term "protected" or "registered" when referencing the series; or
(B) includes a reference to Section 101.602.
(b) The fact that the certificate of formation filed with the secretary of state contains the notice of the limitation on liabilities of a protected series or registered series required by Section 101.602 is notice of that limitation on liabilities of a protected series or registered series.
Added by Acts 2009, 81st Leg., R.S., Ch. 84 (S.B. 1442), Sec. 45, eff. September 1, 2009.
Amended by:
Acts 2021, 87th Leg., R.S., Ch. 43 (S.B. 1523), Sec. 1, eff. June 1, 2022.

Structure Texas Statutes

Texas Statutes

Business Organizations Code

Title 3 - Limited Liability Companies

Chapter 101 - Limited Liability Companies

Subchapter M. Series Limited Liability Company

Section 101.601. Series of Members, Managers, Membership Interests, or Assets

Section 101.602. Enforceability of Obligations and Expenses of Protected Series or Registered Series Against Assets

Section 101.603. Assets of Protected Series or Registered Series

Section 101.604. Notice of Limitation on Liabilities of Protected Series or Registered Series

Section 101.605. General Powers of Protected Series or Registered Series

Section 101.606. Liability of Member or Manager for Obligations; Duties

Section 101.607. Class or Group of Members or Managers

Section 101.608. Governing Authority

Section 101.609. Applicability of Other Provisions of Chapter or Title 1; Synonymous Terms

Section 101.610. Effect of Certain Event on Manager or Member

Section 101.611. Member Status With Respect to Distribution

Section 101.612. Record Date for Allocations and Distributions

Section 101.613. Distributions

Section 101.614. Authority to Wind Up and Terminate Protected Series or Registered Series

Section 101.615. Termination of Protected Series or Registered Series

Section 101.616. Event Requiring Winding Up

Section 101.617. Procedures for Winding Up and Termination of Protected Series or Registered Series

Section 101.618. Revocation of Voluntary Winding Up

Section 101.619. Cancellation of Event Requiring Winding Up

Section 101.620. Continuation of Business

Section 101.621. Winding Up by Court Order

Section 101.622. Protected Series or Registered Series Not a Separate Domestic Entity or Organization

Section 101.623. Filing of Certificate of Registered Series

Section 101.625. Certificate of Termination for Registered Series

Section 101.626. Name of Registered Series

Section 101.627. Conversion of a Registered Series to a Protected Series

Section 101.628. Authorization of Conversion

Section 101.629. Conversion Not Winding Up Event

Section 101.630. Effect of Conversion

Section 101.631. Filing of Certificate of Conversion

Section 101.632. Prohibition on Conversion Permitted

Section 101.633. Merger Among Merging Series of Same Limited Liability Company

Section 101.634. Certificate of Merger

Section 101.635. Effects of Merger of Merging Series

Section 101.636. Prohibition on Merger Permitted