101.359 – EFFECTIVE ACTION BY MEMBERS OR MANAGERS WITH OR
Texas Business Organizations Code § 101.359
Summary
This law allows members or managers of a limited liability company to take actions either during meetings or without them, as long as it complies with the company's governing documents. It ensures that decisions can be made efficiently, reflecting the will of the members or managers.
Actions can be taken at meetings or without meetings.
Applies to limited liability companies and their governing documents.
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In simple terms: Learn about Texas's EFFECTIVE ACTION BY MEMBERS OR MANAGERS WITH OR 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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