81st Texas Legislature, Regular Session, Senate Bill 1442, Chapter 84 Page: 42 of 64
The following text was automatically extracted from the image on this page using optical character recognition software:
S.B. No. 1442
1 vote of the members of each class or group of members associated
2 with the series approving the revocation; or
3 (2) if the series has no members, a majority vote of
4 all the managers associated with the series approving the
5 revocation or, if there is more than one class or group of managers
6 associated with the series, a majority vote of the managers of each
7 class or group of managers associated with the series approving the
9 , Sec . 101.619. CANCELLATION OF EVENT REQUIRING WINDING UP.
10 (a) Unless the cancellation is prohibited by the company
11 agreement, an event requiring winding up of the series under
12 Section 101.616(1) or (2) may be canceled by the consent of all of
13 the members of the series before the termination of the series takes
15 (b) In connection with the cancellation, the members must
16 amend the company agreement to:
17 (1) eliminate or extend the time specified for the
18 series if the event requiring winding up of the series occurred
19 under Section 101.616(1); or
20 (2) eliminate or revise the event specified with
21 respect to the series if the event requiring winding up of the
22 series occurred under Section 101.616(2).
23 Sec. 101.620. CONTINUATION OF BUSINESS. The series may
24 continue its business following the revocation under Section
25 101.618 or the cancellation under Section 101.619.
26 Sec. 101.621. WINDING UP BY COURT ORDER. A district court
27 in the county in which the registered office or principal place of
; ---------- - ~ - - - -- . -... ..1_
Here’s what’s next.
This document can be searched. Note: Results may vary based on the legibility of text within the document.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Legislative Document.
Texas. Legislature. Senate. 81st Texas Legislature, Regular Session, Senate Bill 1442, Chapter 84, legislative document, May 20, 2009; [Austin, Texas]. (texashistory.unt.edu/ark:/67531/metapth310916/m1/42/: accessed April 25, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.