101.103 – EFFECTIVE DATE OF MEMBERSHIP. (a) In connection
Texas Business Organizations Code § 101.103
Summary
This section outlines when a person becomes a member of a company during its formation. If named as an initial member in the certificate of formation, membership is effective on the formation date; otherwise, it takes effect later based on specific conditions.
Initial members join on the company's formation date.
Non-initial members' membership starts later based on conditions.
Membership timing affects rights and responsibilities in the company.
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In simple terms: Learn about Texas's EFFECTIVE DATE OF MEMBERSHIP. (a) In connection 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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