Derechos y Deberes del Cesionario de Geistés de Membresía

Sec. 101.109. RIGHTS AND DUTIES OF ASSIGNEE OF MEMBERSHIP INTEREST BEFORE MEMBERSHIP. (a) A person who is assigned a membership interest in a limited liability company is entitled to: (1) receive any allocation of income, gain, loss, deduction, credit, or a similar item that the assignor is entitled to receive to the extent the allocation of the item is assigned; (2) receive any distribution the assignor is entitled to receive to the extent the distribution is assigned; (3) require, for any proper purpose, reasonable information or a reasonable account of the transactions of the company; and (4) make, for any proper purpose, reasonable inspections of the books and records of the company. (b) An assignee of a membership interest in a limited liability company is entitled to become a member of the company on the approval of all of the company's members. (c) An assignee of a membership interest in a limited liability company is not liable as a member of the company until the assignee becomes a member of the company. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.