101.102 – QUALIFICATION FOR MEMBERSHIP. (a) A person may
Texas Business Organizations Code § 101.102
Summary
This law outlines the qualifications for membership in a limited liability company (LLC) in Texas. It specifies that individuals can become members regardless of their capacity, and they are not required to make contributions or payments to join.
Anyone can become a member of an LLC unless legally incapacitated.
No financial contribution is required to acquire membership.
Membership does not require assuming any obligations to the company.
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In simple terms: Learn about Texas's QUALIFICATION FOR MEMBERSHIP. (a) A person may law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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