101.613 – DISTRIBUTIONS. (a) A limited liability company
Texas Business Organizations Code § 101.613
Summary
This law allows a limited liability company to make distributions related to protected or registered series. However, it prohibits distributions to members if the liabilities exceed the fair value of the associated assets after the distribution.
Permits distributions for protected or registered series.
Prohibits distributions if liabilities exceed asset value.
Affects limited liability companies and their members.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's DISTRIBUTIONS. (a) 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.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.