Texas § 101.156 REQUIREMENTS TO ENFORCE CONDITIONAL OBLIGATION.

Texas Statutes

§ 101.156 — REQUIREMENTS TO ENFORCE CONDITIONAL OBLIGATION.

Texas § 101.156

Code BOBusiness Organizations Code

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Bluebook

Tex. Business Organizations Code Code Ann. § 101.156 (2026).

Text

Sec. 101.156. REQUIREMENTS TO ENFORCE CONDITIONAL OBLIGATION.

(a)An obligation of a member of a limited liability company that is subject to a condition may be enforced by the company or a creditor described by Section 101.155 only if the condition is satisfied or waived by or with respect to the member.

(b)A conditional obligation of a member of a limited liability company under this section includes a contribution payable on a discretionary call of the limited liability company before the time the call occurs. SUBCHAPTER E. ALLOCATIONS AND DISTRIBUTIONS

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Sec. 101.156. REQUIREMENTS TO ENFORCE CONDITIONAL OBLIGATION. (a) An obligation of a member of a limited liability company that is subject to a condition may be enforced by the company or a creditor described by Section 101.155 only if the condition is satisfied or waived by or with respect to the member.
(b) A conditional obligation of a member of a limited liability company under this section includes a contribution payable on a discretionary call of the limited liability company before the time the call occurs.
SUBCHAPTER E. ALLOCATIONS AND DISTRIBUTIONS