Texas Statutes (Last Updated: January 4, 2014) |
BUSINESS ORGANIZATIONS CODE |
Title 3. LIMITED LIABILITY COMPANIES |
Chapter 101. LIMITED LIABILITY COMPANIES |
Subchapter M. SERIES LIMITED LIABILITY COMPANY |
Sec. 101.605. GENERAL POWERS OF SERIES
Latest version.
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A series established under this subchapter has the power and capacity, in the series' own name, to:
(1) sue and be sued;
(2) contract;
(3) hold title to assets of the series, including real property, personal property, and intangible property; and
(4) grant liens and security interests in assets of the series.
Added by Acts 2009, 81st Leg., R.S., Ch. 84 , Sec. 45, eff. September 1, 2009.