* S.B. No. 1442 1 governing authority of the series, the governing authority of the 2 series consists of: 3 (1) the managers associated with the series, if the 4 company's certificate of formation states that the company will 5 have One of more managers: or 6 (2) the members associated with the series, if the 7 company's certificate of formation states that the company will not 8 have managers. 9 Sec. 101.609. APPLICABILITY OF OT ER PROVISIONS OF CHAPTER: 10 SYNONYMOUS TERMS. (a) To the extent not inconsistent with this 11 subchapter, this chapter applies to a Series and its associated 12 members and managers. 13 (b) For purposes of the application of any other provision 14 of this chapter to a provision of this subchapter, and as the 15 context requires: 16 (1) a reference to "limited liability company" or 17 "company" means the "series"; 18 (2) a reference to "member" means "member associated 19 with the series": and 20 (3) a reference to "manager" means "manager associated 21 with the series." 22 Sec. 101.610. EFFECT OF CERTAIN EVENT ON MANAGER OR MEMBER. 23 (a) An event that under this chapter or the company agreement 24 causes a manager to cease to be a manager with respect to a series 25 does 'not, in and of itself, cause the manager to cease to be a 26 manager of the limited liability company or with respect to any 27 other series of the company.
Reference the current page of this Legislative Document.
Texas. Legislature. Senate.81st Texas Legislature, Regular Session, Senate Bill 1442, Chapter 84,
legislative document,
May 20, 2009;
[Austin, Texas].
(https://texashistory.unt.edu/ark:/67531/metapth310916/m1/36/ocr/:
accessed April 25, 2024),
University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu;
crediting UNT Libraries Government Documents Department.