Sec. 101.606. LIABILITY OF MEMBER OR MANAGER FOR OBLIGATIONS; DUTIES

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(a) Except as and to the extent the company agreement specifically provides otherwise, a member or manager associated with a series or a member or manager of the company is not liable for a debt, obligation, or liability of a series, including a debt, obligation, or liability under a judgment, decree, or court order.
(b) The company agreement may expand or restrict any duties, including fiduciary duties, and related liabilities that a member, manager, officer, or other person associated with a series has to:
(1) the series or the company;
(2) a member or manager associated with the series; or
(3) a member or manager of the company.

Added by Acts 2009, 81st Leg., R.S., Ch. 84 , Sec. 45, eff. September 1, 2009.

                    
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