Sec. 101.101. MEMBERS REQUIRED. (a) A limited liability company may have one or more members. Except as provided by this section, a limited liability company must have at least one member.
(b) A limited liability company that has managers is not required to have any members during a reasonable period between the date the company is formed and the date the first member is admitted to the company.
(c) A limited liability company is not required to have any members during the period between the date the continued membership of the last remaining member of the company is terminated and the date the agreement to continue the company described by Section 11.056 is executed.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Notes of Decisions
Cited in
7
cases (
2 in the last 5 years), 2006–2024 · leading case:
Lundy v. Masson, 260 S.W.3d 482 (Tex. App.—Houston [14th Dist.] 2008).
Lundy v. Masson, 260 S.W.3d 482 (Tex. App.—Houston [14th Dist.] 2008).
“See Tex. Bus. Org.Code Ann. § 101.101 (Vernon Supp.”
WC 4th & Colorado, LP v. Colorado Third Street, LLC, No. 03-22-00781-CV (Tex. App.—Austin Aug. 15, 2024).
“See Tex. Bus. Orgs. Code §§ 101.101(a), (b) (providing that although LLC must have at least one member, if it has managers, it is not required to have any members during reasonable period between formation and first member’s admission), .”
Tex. Bus. Orgs. Code § 101.101(a): 3 cases
WC 4th & Colorado, LP v. Colorado Third Street, LLC, No. 03-22-00781-CV (Tex. App.—Austin Aug. 15, 2024).
“See Tex. Bus. Orgs. Code §§ 101.101(a), (b) (providing that although LLC must have at least one member, if it has managers, it is not required to have any members during reasonable period between formation and first member’s admission), .”
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