Texas Statutes (Last Updated: January 4, 2014) |
BUSINESS ORGANIZATIONS CODE |
Title 3. LIMITED LIABILITY COMPANIES |
Chapter 101. LIMITED LIABILITY COMPANIES |
Subchapter G. MANAGERS |
Sec. 101.303. TERM
Latest version.
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A manager of a limited liability company serves:
(1) for the term, if any, for which the manager is elected and until the manager's successor is elected; or
(2) until the earlier resignation, removal, or death of the manager.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.