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Tex. Bus. Orgs. Code § 101.101

MEMBERS REQUIRED

Applied in 3 court decisions — leading case Lundy v. Masson (2008)

Most recently applied in Fin & Feather Club, by and Through Trustee, Kenneth Parten v. Dale Leander and Don Leander (October 2013)

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff

(a) A limited liability company may have one or more members. Except as provided by this section, a limited liability company must have at least one member.

(b) A limited liability company that has managers is not required to have any members during a reasonable period between the date the company is formed and the date the first member is admitted to the company.

(c) A limited liability company is not required to have any members during the period between the date the continued membership of the last remaining member of the company is terminated and the date the agreement to continue the company described by Section 11.056 is executed.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.