Texas Business Organizations Code - BUS ORG § 101.605. General Powers of Series

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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;

(2) contract;

(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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