Sec. 101.052. COMPANY AGREEMENT. (a) Except as provided by Section 101.054, the company agreement of a limited liability company governs:
(1) the relations among members, managers, and officers of the company, assignees of membership interests in the company, and the company itself; and
(2) other internal affairs of the company.
(b) To the extent that the company agreement of a limited liability company does not otherwise provide, this title and the provisions of Title 1 applicable to a limited liability company govern the internal affairs of the company.
(c) Except as provided by Section 101.054, a provision of this title or Title 1 that is applicable to a limited liability company may be waived or modified in the company agreement of a limited liability company.
(d) The company agreement may contain any provisions for the regulation and management of the affairs of the limited liability company not inconsistent with law.
(e) A company agreement may provide rights to any person, including a person who is not a party to the company agreement, to the extent provided by the company agreement.
(f) A company agreement is enforceable by or against the limited liability company, including a protected series or registered series of the company, regardless of whether the company, or the protected series or registered series of the company, has signed or otherwise expressly adopted the agreement.
(g) A member or manager of a limited liability company, or an assignee of a membership interest of a limited liability company, is bound by the company agreement, regardless of whether the member, manager, or assignee signs the company agreement.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 9 (S.B. 847), Sec. 5, eff. September 1, 2013.
Acts 2017, 85th Leg., R.S., Ch. 74 (S.B. 1517), Sec. 8, eff. September 1, 2017.
Acts 2021, 87th Leg., R.S., Ch. 39 (S.B. 1203), Sec. 26, eff. September 1, 2021.
Acts 2023, 88th Leg., R.S., Ch. 27 (S.B. 1514), Sec. 34, eff. September 1, 2023.
Notes of Decisions
Seven Hills Com., LLC v. Mirabal Custom Homes, Inc., 442 S.W.3d 706 (Tex. App. 2014).
“” Tex. Bus. ORG.Code § 101.052(a)(1). We interpret the business organizations code to state that the company agreement governs the relationships between the company, and its members.”
Houston Metro Ortho & Spine Surgery, LLC Elite Ambulatory Surgery Centers, LLC Lori Ramirez James Albright, M.D. Carl Palumbo, M.D. Navin Subramanian, M.D. Alan Rechter, M.D. Mark Provenzano, M.D. Juan Carlos Bustos, M.D. Asif Chaudry, M.D. & NewtonDuncan, M.D. v. Juansrich, Ltd., & Richard Francis, M.D. (Tex. App. 2021).
“See Tex. Bus. Orgs. Code Ann. § 101.052 . Among the key provisions in the LLC Agreement are sections 2.”
in the Est. of Rene Huron (Tex. App. 2023).
“” TEX. BUS. ORGS. CODE ANN. § 101.052(a). The agreement “may expand or restrict any duties, including fiduciary duties, and related liabilities that a member, manager, officer, or other person has to the company or to a member or manager of the company.”
O'Shea v. O'Shea (Me. Super. Ct 2020).
“Tex. Bus. Orgs. Code § 101.052. It may expand or restrict any duties, including fiduciary duties, owed by any member or manager to the LLC itself or to its members or managers.”
— Tex. Bus. Orgs. Code § 101.052(a) — 6 cases
in the Est. of Rene Huron (Tex. App. 2023).
“” TEX. BUS. ORGS. CODE ANN. § 101.052(a). The agreement “may expand or restrict any duties, including fiduciary duties, and related liabilities that a member, manager, officer, or other person has to the company or to a member or manager of the company.”
— Tex. Bus. Orgs. Code § 101.052(a)(1) — 2 cases
Seven Hills Com., LLC v. Mirabal Custom Homes, Inc., 442 S.W.3d 706 (Tex. App. 2014).
“” Tex. Bus. ORG.Code § 101.052(a)(1). We interpret the business organizations code to state that the company agreement governs the relationships between the company, and its members.”
— Tex. Bus. Orgs. Code § 101.052(f) — 1 case
— Tex. Bus. Orgs. Code § 101.052(g) — 1 case
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