- (a) A person may be a member of or acquire a membership interest in a limited liability company unless the person lacks capacity apart from this code.
(b) A person is not required, as a condition to becoming a member of or acquiring a membership interest in a limited liability company, to:
- (1) make a contribution to the company;
- (2) otherwise pay cash or transfer property to the company; or
- (3) assume an obligation to make a contribution or otherwise pay cash or transfer property to the company.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.