Tex. Business Organizations Code § 101.302

This is the official text of Tex. Business Organizations Code § 101.302, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.

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§ 101.302. NUMBER AND QUALIFICATIONS.

Official statutory text

(a) The managers of a limited liability company may consist of one or more persons.

(b) Except as provided by Subsection (c), the number of managers of a limited liability company consists of the number of initial managers listed in the company's certificate of formation.

(c) The number of managers of a limited liability company may be increased or decreased by amendment to, or as provided by, the company agreement.

(d) A manager of a limited liability company is not required to be a:

(1) resident of this state; or

(2) member of the company.

Status: in_force · Read it on the official government site

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