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Tex. Bus. Orgs. Code § 101.155

CREDITOR'S RIGHT TO ENFORCE CERTAIN OBLIGATIONS

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

A creditor of a limited liability company who extends credit or otherwise acts in reasonable reliance on an enforceable obligation of a member of the company that is released or settled as provided by Section 101.154 may enforce the original obligation if the obligation is stated in a document that is:

(1) signed by the member; and

(2) not amended or canceled to evidence the release or settlement of the obligation.

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