101.105 – ISSUANCE OF MEMBERSHIP INTERESTS AFTER FORMATION
Texas Business Organizations Code § 101.105
Summary
This law allows a limited liability company to issue membership interests to individuals after its formation, provided all current members approve. It also permits the creation of new classes of membership interests if necessary.
Membership interests can be issued post-formation with member approval.
New classes of membership interests can be established as needed.
All current members must consent to the issuance.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's ISSUANCE OF MEMBERSHIP INTERESTS AFTER FORMATION law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.