Texas Statutes
§ 101.205 — DISTRIBUTION ON WITHDRAWAL.
Texas § 101.205
JurisdictionTexas
Code BOBusiness Organizations Code
This text of Texas § 101.205 (DISTRIBUTION ON WITHDRAWAL.) 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. § 101.205 (2026).
Text
Sec. 101.205. DISTRIBUTION ON WITHDRAWAL. A member of a limited liability company who validly exercises the member's right to withdraw from the company granted under the company agreement is entitled to receive, within a reasonable time after the date of withdrawal, the fair value of the member's interest in the company as determined as of the date of withdrawal.
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Legislative History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Nearby Sections
15
§ 101.001
DEFINITIONS.§ 101.002
APPLICABILITY OF OTHER LAWS.§ 101.0515
EXECUTION OF FILINGS.§ 101.052
COMPANY AGREEMENT.§ 101.053
AMENDMENT OF COMPANY AGREEMENT.§ 101.055
IRREVOCABLE POWER OF ATTORNEY.§ 101.101
MEMBERS REQUIRED.§ 101.102
QUALIFICATION FOR MEMBERSHIP.§ 101.103
EFFECTIVE DATE OF MEMBERSHIP.§ 101.1055
SUBSCRIPTIONS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 101.205, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/BO/101.205.