101.603 – ASSETS OF PROTECTED SERIES OR REGISTERED SERIES.
Texas Business Organizations Code § 101.603
Summary
This law allows assets of a protected or registered series to be held in various ways, including in the name of the series or the limited liability company. It ensures that records are maintained properly to identify these assets. This affects limited liability companies that utilize protected or registered series structures.
Assets can be held in multiple names or through nominees.
Records must clearly identify assets of the series.
Applies to limited liability companies with protected series.
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In simple terms: Learn about Texas's ASSETS OF PROTECTED SERIES OR REGISTERED SERIES. 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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