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Texas Business Organizations Code - BUS ORG § 101.401. Expansion or Restriction of Duties and Liabilities

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The company agreement of a limited liability company may expand or restrict any duties, including fiduciary duties, and related liabilities that a member, manager, officer, or other person has to the company or to a member or manager of the company.

(a) Every person, firm, or corporation to whom a permit is issued under this article shall keep it on the person or at the place where the short-barreled rifles or short-barreled shotguns are kept.  The permit shall be open to inspection by any peace officer or any other person designated by the authority issuing the permit.

(b) Every short-barreled rifle or short-barreled shotgun possessed pursuant to the provisions of this article shall bear a unique identifying number.  If a weapon does not bear a unique identifying number, the Department of Justice shall assign a number which shall be placed or stamped on that weapon.

Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 101.401. Expansion or Restriction of Duties and Liabilities - last updated April 14, 2021 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-101-401.html


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