REQUIREMENTS TO ENFORCE CONDITIONAL OBLIGATION.

Tex. BUS. ORGS Code § 101.156.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(a) An obligation of a member of a limited liability company that is subject to a condition may be enforced by the company or a creditor described by Section 101.155 only if the condition is satisfied or waived by or with respect to the member. (b) A conditional obligation of a member of a limited liability company under this section includes a contribution payable on a discretionary call of the limited liability company before the time the call occurs. SUBCHAPTER E. ALLOCATIONS AND DISTRIBUTIONS
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/28/2026