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Current as of April 14, 2021 | Updated by FindLaw Staff
(a) A limited liability company may have one or more members. Except as provided by this section, a limited liability company must have at least one member.
(b) A limited liability company that has managers is not required to have any members during a reasonable period between the date the company is formed and the date the first member is admitted to the company.
(c) A limited liability company is not required to have any members during the period between the date the continued membership of the last remaining member of the company is terminated and the date the agreement to continue the company described by Section 11.056 is executed.
Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 101.101. Members Required - last updated April 14, 2021 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-101-101.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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