101.633[3/3] – MERGER AMONG MERGING SERIES OF SAME LIMITED
Texas Business Organizations Code § 101.633[3/3]
Summary
This law allows for the termination or amendment of a merger plan among merging series, provided that the plan includes such provisions. It also protects members from becoming liable for obligations of others without their consent during the merger process.
Merger plans can be amended or terminated as specified in the plan.
Members cannot be forced into liability for others' obligations without consent.
Applies specifically to merging series within limited liability companies.
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In simple terms: Learn about Texas's MERGER AMONG MERGING SERIES OF SAME LIMITED 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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