81st Texas Legislature, Regular Session, Senate Bill 1442, Chapter 84 Page: 7 of 64
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S.B. No. 1442
1 (1) the series has:
2 (A) separate rights, powers, or duties with
3 respect to specified property or obligations of the foreign limited
4 liability company; or
5 (B) separate profits and losses associated with
6 specified property or obligations of the foreign limited liability
8 (2) any debts, liabilities, obligations, and expenses
9 incurred, contracted for, or otherwise existing with respect to a
10 particular series shall be enforceable against the assets of that
11 series only, and not against the assets of the company generally or
12 the assets of any other series; and
13 (3) any debts, liabilities, obligations, and expenses
14 incurred, contracted for, or otherwise existing with respect to the
15 company generally or any other series shall be enforceable against
16 the assets of that series.
17 SECTION 10. Subsection (a), Section 9.009, Business
18 Organizations Code, is amended to read as follows:
19 (a) 'A foreign filing entity must amend its registration to
21 (1) a change to its namei [in]
22 (2) a change in the business or activity stated in its
23 application for registration n
24 (3) if the foreign filing entity is a limited
26 (A) the admission of a new general partner;
27 (B) the withdrawal of a general partner; and
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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/m1/7/: accessed April 19, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.