Texas Business Organizations Code - BUS ORG § 23.063. Withdrawal of Member
Current as of April 14, 2021 | Updated by FindLaw Staff
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(a) On written notice to the corporation's board of directors, a member may withdraw from a corporation on the date stated in the notice. The date of a member's withdrawal must be at least six months after the date notice is given under this subsection.
(b) A member is not obligated to make a loan to the corporation pursuant to a call made after the date of the member's withdrawal from the corporation, but a member shall fulfill any obligation that has accrued or for which a commitment has been made before the withdrawal date.
Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 23.063. Withdrawal of Member - last updated April 14, 2021 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-23-063.html
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