Texas § 101.611 MEMBER STATUS WITH RESPECT TO DISTRIBUTION.

Texas Statutes

§ 101.611 — MEMBER STATUS WITH RESPECT TO DISTRIBUTION.

Texas § 101.611

Code BOBusiness Organizations Code

This text of Texas § 101.611 (MEMBER 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. § 101.611 (2026).

Text

Sec. 101.611. MEMBER STATUS WITH RESPECT TO DISTRIBUTION.

(a)Subject to Sections 101.613 , 101.617 , 101.618 , 101.619 , and 101.620 , when a member associated with a protected series or registered series established under this subchapter is entitled to receive a distribution with respect to the protected series or registered series, the member, with respect to the distribution, has the same status as a creditor of the protected series or registered series and is entitled to any remedy available to a creditor of the protected series or registered series.

(b)Section 101.206 does not apply to a distribution with respect to the protected series or registered series.

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Sec. 101.611. MEMBER STATUS WITH RESPECT TO DISTRIBUTION. (a) Subject to Sections 101.613 , 101.617 , 101.618 , 101.619 , and 101.620 , when a member associated with a protected series or registered series established under this subchapter is entitled to receive a distribution with respect to the protected series or registered series, the member, with respect to the distribution, has the same status as a creditor of the protected series or registered series and is entitled to any remedy available to a creditor of the protected series or registered series.
(b) Section 101.206 does not apply to a distribution with respect to the protected series or registered series.

Legislative History

Added by Acts 2009, 81st Leg., R.S., Ch. 84 (S.B. 1442 ), Sec. 45, eff. September 1, 2009. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 139 (S.B. 748 ), Sec. 40, eff. September 1, 2011. Acts 2021, 87th Leg., R.S., Ch. 43 (S.B. 1523 ), Sec. 1, eff. June 1, 2022.