Texas § BO.101.052 - COMPANY AGREEMENT
Full text of Texas The Texas Constitution § BO.101.052 — COMPANY AGREEMENT, with citation guidance and answers to common questions.
§ BO.101.052. COMPANY AGREEMENT
COMPANY AGREEMENT. (a) Except as provided by Section 101.054 , the company agreement of a limited liability company governs: (1) the relations among members, managers, and officers of the company, assignees of membership interests in the company, and the company itself; and (2) other internal affairs of the company. (b) To the extent that the company agreement of a limited liability company does not otherwise provide, this title and the provisions of Title 1 applicable to a limited liability company govern the internal affairs of the company. (c) Except as provided by Section 101.054 , a provision of this title or Title 1 that is applicable to a limited liability company may be waived or modified in the company agreement of a limited liability company. (d) The company agreement may contain any provisions for the regulation and management of the affairs of the limited liability company not inconsistent with law. (e) A company agreement may provide rights to any person, including a person who is not a party to the company agreement, to the extent provided by the company agreement. (f) A company agreement is enforceable by or against the limited liability company, including a protected series or registered series of the company, regardless of whether the company, or the protected series or registered series of the company, has signed or otherwise expressly adopted the agreement. (g) A member or manager of a limited liability company, or an assignee of a membership interest of a limited liability company, is bound by the company agreement, regardless of whether the member, manager, or assignee signs the company agreement. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 9 (S.B. 847 ), Sec. 5, eff. September 1, 2013. Acts 2017, 85th Leg., R.S., Ch. 74 (S.B. 1517 ), Sec. 8, eff. September 1, 2017. Acts 2021, 87th Leg., R.S., Ch. 39 (S.B. 1203 ), Sec. 26, eff. September 1, 2021. Acts 2023, 88th Leg., R.S., Ch. 27 (S.B. 1514 ), Sec. 34, eff. September 1, 2023.
Frequently Asked Questions About Texas § BO.101.052
What does The Texas Constitution § BO.101.052 cover?
Section BO.101.052 ("COMPANY AGREEMENT") 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.101.052?
A common citation format is "The Texas Constitution § BO.101.052" (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.101.052 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.