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A BILL TO BE ENTITLED
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AN ACT
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relating to a membership interest in a limited liability company |
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subject to a charging order. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 101.112, Business Organizations Code, is |
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amended by adding Subsection (g) to read as follows: |
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(g) This section applies to both single-member limited |
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liability companies and multiple-member limited liability |
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companies. |
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SECTION 2. The change in law made by this Act is intended |
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only to clarify existing law with respect to the applicability of |
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charging orders to limited liability companies. |
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SECTION 3. This Act takes effect September 1, 2023. |
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