Texas § 101.155 CREDITOR'S RIGHT TO ENFORCE CERTAIN OBLIGATIONS.

Texas Statutes

§ 101.155 — CREDITOR'S RIGHT TO ENFORCE CERTAIN OBLIGATIONS.

Texas § 101.155

Code BOBusiness Organizations Code

This text of Texas § 101.155 (CREDITOR'S RIGHT TO ENFORCE CERTAIN OBLIGATIONS.) 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. § 101.155 (2026).

Text

Sec. 101.155. CREDITOR'S RIGHT TO ENFORCE CERTAIN OBLIGATIONS. A creditor of a limited liability company who extends credit or otherwise acts in reasonable reliance on an enforceable obligation of a member of the company that is released or settled as provided by Section 101.154 may enforce the original obligation if the obligation is stated in a document that is:

(1)signed by the member; and

(2)not amended or canceled to evidence the release or settlement of the obligation.

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Sec. 101.155. CREDITOR'S RIGHT TO ENFORCE CERTAIN OBLIGATIONS. A creditor of a limited liability company who extends credit or otherwise acts in reasonable reliance on an enforceable obligation of a member of the company that is released or settled as provided by Section 101.154 may enforce the original obligation if the obligation is stated in a document that is:
(1) signed by the member; and
(2) not amended or canceled to evidence the release or settlement of the obligation.