Texas Statutes
§ 101.207 — CREDITOR STATUS WITH RESPECT TO DISTRIBUTION.
Texas § 101.207
JurisdictionTexas
Code BOBusiness Organizations Code
This text of Texas § 101.207 (CREDITOR STATUS WITH RESPECT TO DISTRIBUTION.) 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. § 101.207 (2026).
Text
Sec. 101.207. CREDITOR STATUS WITH RESPECT TO DISTRIBUTION. Subject to Sections 11.053 and 101.206 , when a member of a limited liability company is entitled to receive a distribution from the company, the member, with respect to the distribution, has the same status as a creditor of the company and is entitled to any remedy available to a creditor of the company.
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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 § 101.207, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/BO/101.207.