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Texas Business Organizations Code - BUS ORG § 101.629. Conversion Not Winding Up Event

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

Unless otherwise agreed, the conversion of a converting series under Sections 101.627 through 101.631 does not:

(1) require the limited liability company or the converting series to wind up the series' affairs under Section 11.051, 11.056, 101.552 or 101.616 or to pay the series' liabilities and distribute its assets under Sections 11.053 and 101.617;  or

(2) constitute an event requiring winding up of the company or the converting series.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 101.629. Conversion Not Winding Up Event - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-101-629/

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