101.602 – ENFORCEABILITY OF OBLIGATIONS AND EXPENSES OF
Texas Business Organizations Code § 101.602
Summary
This law establishes that debts and obligations incurred by a protected or registered series are enforceable solely against the assets of that specific series. This protects the assets of other series from being used to satisfy these obligations, ensuring a clear separation of liabilities.
Debts are enforceable only against the specific series' assets.
Protects other series' assets from being affected.
Applies to both protected and registered series.
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In simple terms: Learn about Texas's ENFORCEABILITY OF OBLIGATIONS AND EXPENSES OF 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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