Texas § 101.627 CONVERSION OF A REGISTERED SERIES TO A PROTECTED SERIES.

Texas Statutes

§ 101.627 — CONVERSION OF A REGISTERED SERIES TO A PROTECTED SERIES.

Texas § 101.627

Code BOBusiness Organizations Code

This text of Texas § 101.627 (CONVERSION OF A REGISTERED SERIES TO A PROTECTED SERIES.) 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. § 101.627 (2026).

Text

Sec. 101.627. CONVERSION OF A REGISTERED SERIES TO A PROTECTED SERIES.

(a)Upon compliance with Section 101.628 , a registered series of a domestic limited liability company may convert to a protected series of the domestic limited liability company by filing a certificate of conversion that complies with Section 101.631 with the secretary of state in accordance with and taking effect as a filing instrument as specified by Chapter 4 .

(b)Upon compliance with Section 101.628 , a protected series of a domestic limited liability company may convert to a registered series of the domestic limited liability company by filing simultaneously with the secretary of state in accordance with, and taking effect as a filing instrument as specified by, Chapter 4 :

(1)a certificate of conversion that co

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Sec. 101.627. CONVERSION OF A REGISTERED SERIES TO A PROTECTED SERIES. (a) Upon compliance with Section 101.628 , a registered series of a domestic limited liability company may convert to a protected series of the domestic limited liability company by filing a certificate of conversion that complies with Section 101.631 with the secretary of state in accordance with and taking effect as a filing instrument as specified by Chapter 4 .
(b) Upon compliance with Section 101.628 , a protected series of a domestic limited liability company may convert to a registered series of the domestic limited liability company by filing simultaneously with the secretary of state in accordance with, and taking effect as a filing instrument as specified by, Chapter 4 :
(1) a certificate of conversion that complies with Section 101.631 ; and
(2) a certificate of registered series as provided by Section 101.623 .
(c) An existing registered series may not become a protected series except as provided by Subsection (a) and Sections 101.628 through 101.632 .
(d) For purposes of this section and Sections 101.628 through 101.632 :
(1) "Conversion" means the continuation of:
(A) a registered series as a protected series; or
(B) a protected series as a registered series.
(2) "Converted series" means a registered series or protected series resulting from a conversion of, respectively, a protected series or registered series, of a domestic limited liability company.
(3) "Converting series" means a registered series or protected series before a conversion of that series.
(4) "Plan of conversion" means a document that conforms with the requirements of Section 101.628 .

Legislative History

Added by Acts 2021, 87th Leg., R.S., Ch. 43 (S.B. 1523 ), Sec. 1, eff. June 1, 2022. Amended by: Acts 2023, 88th Leg., R.S., Ch. 27 (S.B. 1514 ), Sec. 46, eff. September 1, 2023.