1. (a) A subscription to purchase a membership interest in a limited liability company in the process of being formed is irrevocable to the extent provided by the terms of the subscription if:

   1. (1) the subscription is in writing and signed by the subscriber; and
   2. (2) the subscription states that it is irrevocable.
2. (b) A written subscription entered into after the limited liability company is formed is a contract between the subscriber and the company.

Added by Acts 2025, 89th Leg., R.S., Ch. 199 (S.B. 2411), Sec. 48, eff. September 1, 2025.