Texas Business Organizations Code - BUS ORG § 101.611. Member Status with Respect to Distribution

(a) Subject to Sections 101.613, 101.617, 101.618, 101.619, and 101.620, when a member associated with a protected series or registered series established under this subchapter is entitled to receive a distribution with respect to the protected series or registered series, the member, with respect to the distribution, has the same status as a creditor of the protected series or registered series and is entitled to any remedy available to a creditor of the protected series or registered series.

(b) Section 101.206 does not apply to a distribution with respect to the protected series or registered series.