Texas § 101.108 ASSIGNMENT OF MEMBERSHIP INTEREST.

Texas Statutes

§ 101.108 — ASSIGNMENT OF MEMBERSHIP INTEREST.

Texas § 101.108

Code BOBusiness Organizations Code

This text of Texas § 101.108 (ASSIGNMENT OF MEMBERSHIP INTEREST.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Business Organizations Code Code Ann. § 101.108 (2026).

Text

Sec. 101.108. ASSIGNMENT OF MEMBERSHIP INTEREST.

(a)A membership interest in a limited liability company may be wholly or partly assigned.

(b)An assignment of a membership interest in a limited liability company:

(1)is not an event requiring the winding up of the company; and

(2)does not entitle the assignee to:

(A)participate in the management and affairs of the company;

(B)become a member of the company; or

(C)exercise any rights of a member of the company.

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Sec. 101.108. ASSIGNMENT OF MEMBERSHIP INTEREST. (a) A membership interest in a limited liability company may be wholly or partly assigned.
(b) An assignment of a membership interest in a limited liability company:
(1) is not an event requiring the winding up of the company; and
(2) does not entitle the assignee to:
(A) participate in the management and affairs of the company;
(B) become a member of the company; or
(C) exercise any rights of a member of the company.