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Texas Business Organizations Code - BUS ORG § 101.302. Number and Qualifications

Current as of January 01, 2024 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 101.302. Number and Qualifications - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-101-302/

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 before relying on it for your legal needs.

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