A managing entity may not take an action with respect to an interest in the entity in a manner that would be a violation of Chapter 301 if the interest in the entity were an interest in real property, including:

1. (1) restricting the transfer of the interest;
2. (2) imposing requirements to maintain the interest; or
3. (3) refusing to grant an interest to an otherwise qualified person.

Added by Acts 2025, 89th Leg., R.S., Ch. 1096 (H.B. 4211), Sec. 1, eff. June 20, 2025.