101.616 – EVENT REQUIRING WINDING UP. Subject to Sections
Texas Business Organizations Code § 101.616
Summary
This law outlines the circumstances under which a protected series or registered series must be wound up, particularly when required by the company agreement or specific events occur. It primarily affects limited liability companies operating under these structures in Texas.
Winding up is required under specific conditions.
Events triggering winding up must be outlined in the company agreement.
Applies to protected and registered series of limited liability companies.
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In simple terms: Learn about Texas's EVENT REQUIRING WINDING UP. Subject to Sections 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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