101.155 – CREDITOR'S RIGHT TO ENFORCE CERTAIN OBLIGATIONS.
Texas Business Organizations Code § 101.155
Summary
This law allows creditors of a limited liability company to enforce obligations of its members if those obligations were originally documented and not altered. It primarily affects creditors who have relied on these obligations when extending credit to the company.
Creditors can enforce obligations of LLC members under specific conditions.
Obligations must be documented, signed, and not amended.
Applies when creditors act in reasonable reliance on the obligations.
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 CREDITOR'S RIGHT TO ENFORCE CERTAIN OBLIGATIONS. 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.