101.112 – MEMBER'S MEMBERSHIP INTEREST SUBJECT TO CHARGING
Texas Business Organizations Code § 101.112
Summary
This law allows a court to charge a member's membership interest in a limited liability company to satisfy a judgment owed by that member. It specifically applies to judgment creditors seeking to enforce a judgment against a member's interest in the company.
Judgment creditors can seek to charge membership interests.
Applies to members of limited liability companies.
Court jurisdiction is required for enforcement.
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In simple terms: Learn about Texas's MEMBER'S MEMBERSHIP INTEREST SUBJECT TO CHARGING 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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