Texas § BO.11.056 - SUPPLEMENTAL PROVISIONS FOR LIMITED LIABILITY COMPANY
Full text of Texas The Texas Constitution § BO.11.056 — SUPPLEMENTAL PROVISIONS FOR LIMITED LIABILITY COMPANY, with citation guidance and answers to common questions.
§ BO.11.056. SUPPLEMENTAL PROVISIONS FOR LIMITED LIABILITY COMPANY
SUPPLEMENTAL PROVISIONS FOR LIMITED LIABILITY COMPANY. (a) The termination of the continued membership of the last remaining member of a domestic limited liability company is an event requiring winding up under Section 11.051 (4) unless, not later than one year after the date of the termination or within the period of time provided by the company agreement: (1) the legal representative or successor of the last remaining member agrees: (A) to continue the company; and (B) to become a member of the company effective as of the date of the termination or to designate another person who agrees to become a member of the company effective as of the date of the termination; or (2) a member is admitted to the company in the manner provided by the company agreement, effective as of the occurrence of the termination, under a provision of the company agreement that specifically provides for the admission of a member to the company after there is no longer a remaining member of the company. (b) The event requiring winding up specified in Subsection (a) may be canceled in accordance with Sections 11.152 (a) and 101.552 (c). (c) The company agreement may provide that the legal representative or successor of the last remaining member is obligated to agree to continue the company and to the admission of the legal representative or successor, or the representative's or successor's nominee or designee, as a member effective as of the occurrence of the event that terminates the continued membership of the last remaining member. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by: Acts 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737 ), Sec. 62, eff. September 1, 2007. Acts 2023, 88th Leg., R.S., Ch. 27 (S.B. 1514 ), Sec. 14, eff. September 1, 2023.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § BO.11.056
What does The Texas Constitution § BO.11.056 cover?
Section BO.11.056 ("SUPPLEMENTAL PROVISIONS FOR LIMITED LIABILITY COMPANY") 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.11.056?
A common citation format is "The Texas Constitution § BO.11.056" (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.11.056 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.