Sec. 101.114. LIABILITY FOR OBLIGATIONS. Except as and to the extent the company agreement specifically provides otherwise, a member or manager is not liable for a debt, obligation, or liability of a limited liability company, including a debt, obligation, or liability under a judgment, decree, or order of a court.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
SUBCHAPTER D. CONTRIBUTIONS
Notes of Decisions
Spring Street Prt - IV, L.P. v. Douglas Lam, 730 F.3d 427 (5th Cir. 2013).
“” Tex. Bus. Orgs.Code § 101.114. 2. Piercing the Corporate Veil of a Corporation or LLC Due to the limited liability that corporations and LLCs offer to their owners, a plaintiff seeking to impose individual liability on an owner must “pierce the corporate veil.”
Tomlinson v. Clem (In re Clem), 583 B.R. 329 (Bankr. N.D. Tex. 2017).
“n limiting the liability of a shareholder or affiliate of a corporation for the contractual obligations of a corporation (and obligations relating to or arising from the contractual obligations) except where a shareholder or affiliate caused the corporation to perpetrate an…”
Derrick M. Saulsberry v. Wendy Ross, 485 S.W.3d 35 (Tex. App.—Houston [14th Dist.] 2015).
“See Tex. Bus. Orgs. Code Ann. § 101.114 (West 2012) (“Except as and to the extent the company agreement specifically provides otherwise, a member or manager is not liable for a debt, obligation, or liability of a limited liability company, including a debt, obligation, or…”
Gill v. Grewal, No. 4:14-cv-02502, 2020 WL 3171360 (S.D. Tex. June 15, 2020).
· cites it 3× “” See TEX. Bus. ORGS. CODE § 101.114. Here, the Operating Agreement states that “[t]he liability of the Members shall be limited as provided under the laws of the Texas Limited Liability statutes.”
Lost Creek Ventures, LLC v. Alan Pilgrim, No. 01-15-00375-CV, 2016 WL 3569756 (Tex. App. June 30, 2016).
· cites it 2× “See TEX. BUS. ORG. CODE ANN. § 101.114 (West 2012) (“Except as and to the extent the company agreement specifically provides otherwise, a member or manager is not liable for a debt, obligation, or liability of a limited liability company, including a debt, obligation, or…”
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