101.610 – EFFECT OF CERTAIN EVENT ON MANAGER OR MEMBER.
Texas Business Organizations Code § 101.610
Summary
This law clarifies that certain events leading to a manager's or member's removal from a specific series do not automatically remove them from the entire limited liability company or other series. It ensures continuity in management and membership despite specific events affecting individual series.
Removal from one series does not affect overall status in the LLC.
Protects continuity of management across different series.
Applies to both managers and members of the company.
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In simple terms: Learn about Texas's EFFECT OF CERTAIN EVENT ON MANAGER OR MEMBER. 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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