Texas § 101.302 NUMBER AND QUALIFICATIONS.

Texas Statutes

§ 101.302 — NUMBER AND QUALIFICATIONS.

Texas·Code BO Business Organizations Code

Sec. 101.302. NUMBER AND QUALIFICATIONS.

(a)The managers of a limited liability company may consist of one or more persons.

(b)Except as provided by Subsection (c), the number of managers of a limited liability company consists of the number of initial managers listed in the company's certificate of formation.

(c)The number of managers of a limited liability company may be increased or decreased by amendment to, or as provided by, the company agreement.

(d)A manager of a limited liability company is not required to be a:

(1)resident of this state; or

(2)member of the company.

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Sec. 101.302. NUMBER AND QUALIFICATIONS. (a) The managers of a limited liability company may consist of one or more persons.
(b) Except as provided by Subsection (c), the number of managers of a limited liability company consists of the number of initial managers listed in the company's certificate of formation.
(c) The number of managers of a limited liability company may be increased or decreased by amendment to, or as provided by, the company agreement.
(d) A manager of a limited liability company is not required to be a:
(1) resident of this state; or
(2) member of the company.

Texas § 101.302 (NUMBER AND QUALIFICATIONS.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by: Acts 2019, 86th Leg., R.S., Ch. 658 (S.B. 1859 ), Sec. 8, eff. September 1, 2019.