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A series established under this subchapter has the power and capacity, in the series' own name, to:
(1) sue and be sued;
(3) acquire, sell, and hold title to assets of the series, including real property, personal property, and intangible property;
(4) grant liens and security interests in assets of the series;
(5) be a promoter, organizer, partner, owner, member, associate, or manager of an organization; and
(6) exercise any power or privilege as necessary or appropriate to the conduct, promotion, or attainment of the business, purposes, or activities of the series.
Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 101.605. General Powers of Series - last updated April 14, 2021 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-101-605.html
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