Tex. Bus. Org. Code § 101.302

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 101.302 - Number and Qualifications

(a) The managers of a limited liability company may consist of one or more persons.

(b) Except as provided by Subsection (c), the number of managers of a limited liability company consists of the number of initial managers listed in the company's certificate of formation.

(c) The number of managers of a limited liability company may be increased or decreased by amendment to, or as provided by, the company agreement.

(d) A manager of a limited liability company is not required to be a:

(1) resident of this state; or

(2) member of the company.

Tex. Bus. Org. Code § 101.302

Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 658,Sec. 8, eff. 9/1/2019.

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.