Texas § BO.101.151 - REQUIREMENTS FOR ENFORCEABLE PROMISE
Full text of Texas The Texas Constitution § BO.101.151 — REQUIREMENTS FOR ENFORCEABLE PROMISE, with citation guidance and answers to common questions.
§ BO.101.151. REQUIREMENTS FOR ENFORCEABLE PROMISE
REQUIREMENTS FOR ENFORCEABLE PROMISE. A promise to make a contribution or otherwise pay cash or transfer property to a limited liability company is enforceable only if the promise is: (1) in writing; and (2) signed by the person making the promise. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Frequently Asked Questions About Texas § BO.101.151
What does The Texas Constitution § BO.101.151 cover?
Section BO.101.151 ("REQUIREMENTS FOR ENFORCEABLE PROMISE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § BO.101.151?
A common citation format is "The Texas Constitution § BO.101.151" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § BO.101.151 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.