§ 101.106

Tex. Bus. Orgs. Code § 101.106

Nature of Membership Interest

Acts 2003, 78th Leg., ch. 182

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(a) A membership interest in a limited liability company is personal property.
(b) A member of a limited liability company or an assignee of a membership interest in a limited liability company does not have an interest in any specific property of the company.

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.