Bill Text: TX SB433 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to a membership interest in a limited liability company subject to a charging order.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-02-09 - Referred to Business & Commerce [SB433 Detail]
Download: Texas-2015-SB433-Introduced.html
| 84R6880 GRM-D | ||
| By: Burton | S.B. No. 433 | |
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| relating to a membership interest in a limited liability company | ||
| subject to a charging order. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 101.112, Business Organizations Code, is | ||
| amended by adding Subsection (g) to read as follows: | ||
| (g) This section applies to both single-member limited | ||
| liability companies and multiple-member limited liability | ||
| companies. | ||
| SECTION 2. The change in law made by this Act is intended | ||
| only to clarify existing law with respect to the applicability of | ||
| charging orders to limited liability companies. | ||
| SECTION 3. This Act takes effect September 1, 2015. | ||
