Tex. Business Organizations Code § 101.205
This is the official text of Tex. Business Organizations Code § 101.205, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 101.205. DISTRIBUTION ON WITHDRAWAL.
Official statutory text
A member of a limited liability company who validly exercises the member's right to withdraw from the company granted under the company agreement is entitled to receive, within a reasonable time after the date of withdrawal, the fair value of the member's interest in the company as determined as of the date of withdrawal.
Status: in_force · Read it on the official government site
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