Texas § 101.503 PENALTY FOR REFUSAL TO PERMIT EXAMINATION OF CERTAIN RECORDS.

Texas Statutes

§ 101.503 — PENALTY FOR REFUSAL TO PERMIT EXAMINATION OF CERTAIN RECORDS.

Texas § 101.503

Code BOBusiness Organizations Code

This text of Texas § 101.503 (PENALTY FOR REFUSAL TO PERMIT EXAMINATION OF CERTAIN RECORDS.) 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. § 101.503 (2026).

Text

Sec. 101.503. PENALTY FOR REFUSAL TO PERMIT EXAMINATION OF CERTAIN RECORDS.

(a)A limited liability company that refuses to allow a member or an assignee of a membership interest to examine and copy, on written request that complies with Section 101.502 (a), records or other information described by that section is liable to the member or assignee for any cost or expense, including attorney's fees, incurred in enforcing the member's or assignee's rights under Section 101.502 . The liability imposed on a limited liability company under this subsection is in addition to any other damages or remedy afforded to the member or assignee by law.

(b)It is a defense to an action brought under this section that the person suing:

(1)has improperly used information obtained through a prior examinatio

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Sec. 101.503. PENALTY FOR REFUSAL TO PERMIT EXAMINATION OF CERTAIN RECORDS. (a) A limited liability company that refuses to allow a member or an assignee of a membership interest to examine and copy, on written request that complies with Section 101.502 (a), records or other information described by that section is liable to the member or assignee for any cost or expense, including attorney's fees, incurred in enforcing the member's or assignee's rights under Section 101.502 . The liability imposed on a limited liability company under this subsection is in addition to any other damages or remedy afforded to the member or assignee by law.
(b) It is a defense to an action brought under this section that the person suing:
(1) has improperly used information obtained through a prior examination of the records or other information of the limited liability company or any other limited liability company, under Section 101.502 ; or
(2) was not acting in good faith or for a proper purpose in making the person's request for examination.
SUBCHAPTER L. SUPPLEMENTAL WINDING UP AND TERMINATION PROVISIONS

Legislative History

Added by Acts 2017, 85th Leg., R.S., Ch. 74 (S.B. 1517 ), Sec. 11, eff. September 1, 2017. Amended by: Acts 2019, 86th Leg., R.S., Ch. 658 (S.B. 1859 ), Sec. 10, eff. September 1, 2019.