Texas § 101.462 APPLICATION TO FOREIGN LIMITED LIABILITY COMPANIES.

Texas Statutes

§ 101.462 — APPLICATION TO FOREIGN LIMITED LIABILITY COMPANIES.

Texas § 101.462

Code BOBusiness Organizations Code

This text of Texas § 101.462 (APPLICATION TO FOREIGN LIMITED LIABILITY COMPANIES.) 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. § 101.462 (2026).

Text

Sec. 101.462. APPLICATION TO FOREIGN LIMITED LIABILITY COMPANIES.

(a)In a derivative proceeding brought in the right of a foreign limited liability company, the matters covered by this subchapter are governed by the laws of the jurisdiction of formation of the foreign limited liability company, except for Sections 101.455 , 101.460 , and 101.461 , which are procedural provisions and do not relate to the internal affairs of the foreign limited liability company, unless applying the laws of the jurisdiction of formation of the foreign limited liability company requires otherwise with respect to Section 101.455 .

(b)In the case of matters relating to a foreign limited liability company under Section 101.455 , a reference to a person or group of persons described by Section 101.454 refers to

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Sec. 101.462. APPLICATION TO FOREIGN LIMITED LIABILITY COMPANIES. (a) In a derivative proceeding brought in the right of a foreign limited liability company, the matters covered by this subchapter are governed by the laws of the jurisdiction of formation of the foreign limited liability company, except for Sections 101.455 , 101.460 , and 101.461 , which are procedural provisions and do not relate to the internal affairs of the foreign limited liability company, unless applying the laws of the jurisdiction of formation of the foreign limited liability company requires otherwise with respect to Section 101.455 .
(b) In the case of matters relating to a foreign limited liability company under Section 101.455 , a reference to a person or group of persons described by Section 101.454 refers to a person or group entitled under the laws of the jurisdiction of formation of the foreign limited liability company to make the determination described by Section 101.454 (a). The standard of review of a determination made by the person or group shall be governed by the laws of the jurisdiction of formation of the foreign limited liability company.

Legislative History

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by: Acts 2019, 86th Leg., R.S., Ch. 899 (H.B. 3603 ), Sec. 23, eff. September 1, 2019.