Texas § BO.101.251 - GOVERNING AUTHORITY
Full text of Texas The Texas Constitution § BO.101.251 — GOVERNING AUTHORITY, with citation guidance and answers to common questions.
§ BO.101.251. GOVERNING AUTHORITY
GOVERNING AUTHORITY. (a) The governing authority of a limited liability company consists of: (1) the managers of the company, if the company agreement provides that the company is managed by one or more managers; or (2) the members of the company, if the company agreement provides that the company is managed by the members. (b) If the company agreement does not provide otherwise, the governing authority of a limited liability company consists of: (1) the managers of the company, if the company's certificate of formation states that the company has managers; or (2) the members of the company, if the company's certificate of formation does not state that the company has managers. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by: Acts 2021, 87th Leg., R.S., Ch. 39 (S.B. 1203 ), Sec. 28, eff. September 1, 2021.
Frequently Asked Questions About Texas § BO.101.251
What does The Texas Constitution § BO.101.251 cover?
Section BO.101.251 ("GOVERNING AUTHORITY") 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.101.251?
A common citation format is "The Texas Constitution § BO.101.251" (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.101.251 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.