Tex. Business Organizations Code § 101.155
This is the official text of Tex. Business Organizations Code § 101.155, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 101.155. CREDITOR'S RIGHT TO ENFORCE CERTAIN OBLIGATIONS.
Official statutory text
A creditor of a limited liability company who extends credit or otherwise acts in reasonable reliance on an enforceable obligation of a member of the company that is released or settled as provided by Section 101.154 may enforce the original obligation if the obligation is stated in a document that is:
(1) signed by the member; and
(2) not amended or canceled to evidence the release or settlement of the obligation.
(1) signed by the member; and
(2) not amended or canceled to evidence the release or settlement of the obligation.
Status: in_force · Read it on the official government site
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