Texas § 101.306 REMOVAL AND REPLACEMENT OF MANAGER ELECTED BY CLASS OR GROUP.

Texas Statutes

§ 101.306 — REMOVAL AND REPLACEMENT OF MANAGER ELECTED BY CLASS OR GROUP.

Texas § 101.306

Code BOBusiness Organizations Code

This text of Texas § 101.306 (REMOVAL AND REPLACEMENT OF MANAGER ELECTED BY CLASS OR GROUP.) 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. § 101.306 (2026).

Text

Sec. 101.306. REMOVAL AND REPLACEMENT OF MANAGER ELECTED BY CLASS OR GROUP.

(a)If a class or group of the members of a limited liability company is entitled by the company agreement of the company to elect one or more managers of the company, a manager may be removed from office only by the class or group that elected the manager.

(b)A vacancy in the position of a manager elected as provided by Subsection (a) may be filled only by:

(1)a majority vote of the managers serving on the date the vacancy occurs who were elected by the class or group of members; or

(2)a majority vote of the members of the class or group.

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Sec. 101.306. REMOVAL AND REPLACEMENT OF MANAGER ELECTED BY CLASS OR GROUP. (a) If a class or group of the members of a limited liability company is entitled by the company agreement of the company to elect one or more managers of the company, a manager may be removed from office only by the class or group that elected the manager.
(b) A vacancy in the position of a manager elected as provided by Subsection (a) may be filled only by:
(1) a majority vote of the managers serving on the date the vacancy occurs who were elected by the class or group of members; or
(2) a majority vote of the members of the class or group.