Source: https://chowinslaw.com/resources/texas-business-laws/312-contributions-to-texas-limited-liability-companies-llc
Timestamp: 2019-04-23 04:29:38+00:00

Document:
§ 101.151. REQUIREMENTS FOR ENFORCEABLE PROMISE.
(2) signed by the person making the promise.
§ 101.152. ENFORCEABLE PROMISE NOT AFFECTED BY CHANGE IN CIRCUMSTANCES.
A member of a limited liability company is obligated to perform an enforceable promise to make a contribution or otherwise pay cash or transfer property to the company without regard to the death, disability, or other change in circumstances of the member.
§ 101.153. FAILURE TO PERFORM ENFORCEABLE PROMISE; CONSEQUENCES.
(2) the value of any property already transferred.
(D) another penalty or consequence.
§ 101.154. CONSENT REQUIRED TO RELEASE ENFORCEABLE OBLIGATION.
The obligation of a member of a limited liability company, or of the member's legal representative or successor, to make a contribution or otherwise pay cash or transfer property to the company, or to return cash or property to the company paid or distributed to the member in violation of this code or the company agreement, may be released or settled only by consent of each member of the company.
§ 101.155. CREDITOR'S RIGHT TO ENFORCE CERTAIN OBLIGATIONS.
(2) not amended or canceled to evidence the release or settlement of the obligation.
§ 101.156. REQUIREMENTS TO ENFORCE CONDITIONAL OBLIGATION.
(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 § 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 § includes a contribution payable on a discretionary call of the limited liability company before the time the call occurs.

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