Texas Code § 101.615

TERMINATION OF PROTECTED SERIES OR REGISTERED SERIES
Open in Lexace · Ask the AI about this section
Sec. 101.615. TERMINATION OF PROTECTED SERIES OR REGISTERED SERIES. (a) Except as otherwise provided by Sections 101.617 , 101.618 , 101.619 , and 101.620 , the protected series terminates on the completion of the winding up of the business and affairs of the protected series in accordance with Sections 101.617 , 101.618 , 101.619 , and 101.620 .
(b) Except as otherwise provided by Sections 101.617 , 101.618 , 101.619 , and 101.620 , the registered series terminates on:
(1) the completion of the winding up of the business and affairs of the registered series in accordance with Sections 101.617 , 101.618 , 101.619 , and 101.620 ; and
(2) the effectiveness of the filing with the secretary of state of a certificate of termination for the registered series.
(c) The limited liability company shall provide notice of the termination of a protected series or registered series in the manner provided in the company agreement for notice of termination, if any.
(d) The termination of the protected series or registered series does not affect the limitation on liabilities of the protected series or registered series provided by Section 101.602 .

‹ Prev All Texas sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.