Tex. Bus. Org. Code § 101.151

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

Section 101.151 - Requirements for Enforceable Promise

A promise to make a contribution or otherwise pay cash or transfer property to a limited liability company is enforceable only if the promise is:

(1) in writing; and

(2) signed by the person making the promise.

Tex. Bus. Org. Code § 101.151

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