101.614 – AUTHORITY TO WIND UP AND TERMINATE PROTECTED
Texas Business Organizations Code § 101.614
Summary
This law allows for the winding up and termination of a protected or registered series without affecting the overall limited liability company. It provides a framework for managing the business affairs of these series as outlined in the company agreement.
Allows winding up of protected or registered series independently.
Does not require winding up of the entire limited liability company.
Subject to specific provisions in the company agreement.
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In simple terms: Learn about Texas's AUTHORITY TO WIND UP AND TERMINATE PROTECTED 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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