Tex. Business Organizations Code § 101.629
This is the official text of Tex. Business Organizations Code § 101.629, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 101.629. CONVERSION NOT WINDING UP EVENT.
Official statutory text
Unless otherwise agreed, the conversion of a converting series under Sections 101.627 through 101.631 does not:
(1) require the limited liability company or the converting series to wind up the series' affairs under Section 11.051, 11.056, 101.552 or 101.616 or to pay the series' liabilities and distribute its assets under Sections 11.053 and 101.617; or
(2) constitute an event requiring winding up of the company or the converting series.
(1) require the limited liability company or the converting series to wind up the series' affairs under Section 11.051, 11.056, 101.552 or 101.616 or to pay the series' liabilities and distribute its assets under Sections 11.053 and 101.617; or
(2) constitute an event requiring winding up of the company or the converting series.
Status: in_force · Read it on the official government site
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