- (a) The managers of a limited liability company may consist of one or more persons.
- (b) Except as provided by Subsection (c), the number of managers of a limited liability company consists of the number of initial managers listed in the company's certificate of formation.
- (c) The number of managers of a limited liability company may be increased or decreased by amendment to, or as provided by, the company agreement.
(d) A manager of a limited liability company is not required to be a:
- (1) resident of this state; or
- (2) member of the company.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Acts 2019, 86th Leg., R.S., Ch. 658 (S.B. 1859), Sec. 8, eff. September 1, 2019.