81st Texas Legislature, Regular Session, Senate Bill 1442, Chapter 84 Page: 43 of 64
The following text was automatically extracted from the image on this page using optical character recognition software:
i t i
S.B. No. 1442
1 business in this state of a domestic limited liability company is
2 located, on application by or for a member associated with the
3 series, has jurisdiction to order the winding up and termination of
4 a series if the court determines that it is not reasonably
5 practicable to carry on the business of the series in conformity
6 with the company agreement.
7 SECTION 46. Chapter 151, Business Organizations Code, is
8 amended by adding Section 151.004 to read as follows:
9 I Se. 151.004. OFFICERS. A partnership may have elected or
10 appointed officers in accordance with Section 3.103.
11 (SECTION 47. Subsection (a), Section 152.801, Business
12 Organizations Code, is amended to read as follows:
13 (a) Except as provided by Subsection (b) or the partnership
14 agreement, a partner in a limited liability partnership is not
15 personally liable to any person, including a partner, directly or
16 indirectly, by contribution, indemnity, or otherwise, for a debt or
17 obligation of the partnership incurred while the partnership is a
18 limited liability partnership.
19 SECTION 48. Subsection (f), Section 152.802, Business
20 Organizations Code, is amended to read as follows:
21 (f) A registration may be withdrawn by filing a withdrawal
22 notice with the secretary of state in accordance with Chapter 4. A
23 certificate from the comptroller stating that all taxes
24 administered by the comptroller under Title 2, Tax Code, have been
25 paid must be filed with the notice of withdrawal. A withdrawal
26 notice terminates the status of the partnership as a limited
27 liability partnership from the date on which the notice is filed or
i.. ..............x~. I ; i - - ~- ~ -- : LI '... ..'....'n. I;. - il r ..il . ...LI.IUUI~I--r~ U~liY~~
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/m1/43/: accessed June 22, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.