101.456 – DISCOVERY. (a) If a limited liability company
Texas Business Organizations Code § 101.456
Summary
This law outlines the limitations on discovery for members of a limited liability company during a derivative proceeding dismissal. It specifically restricts the scope of discovery to certain factual inquiries about independence, good faith, and procedural reasonableness.
Limits discovery to specific factual inquiries.
Focuses on independence and good faith of members.
Applies during derivative proceeding dismissals.
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In simple terms: Learn about Texas's DISCOVERY. (a) If a limited liability company 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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