Bill Text: TX SB2314 | 2023-2024 | 88th Legislature | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to a membership interest in a limited liability company subject to a charging order.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2023-06-18 - Effective on 9/1/23 [SB2314 Detail]
Download: Texas-2023-SB2314-Comm_Sub.html
Bill Title: Relating to a membership interest in a limited liability company subject to a charging order.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2023-06-18 - Effective on 9/1/23 [SB2314 Detail]
Download: Texas-2023-SB2314-Comm_Sub.html
By: Hughes | S.B. No. 2314 | |
(In the Senate - Filed March 10, 2023; March 22, 2023, read | ||
first time and referred to Committee on Business & Commerce; | ||
April 26, 2023, reported favorably by the following vote: Yeas 11, | ||
Nays 0; April 26, 2023, sent to printer.) | ||
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relating to a membership interest in a limited liability company | ||
subject to a charging order. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 101.112, Business Organizations Code, is | ||
amended by adding Subsection (g) to read as follows: | ||
(g) This section applies to both single-member limited | ||
liability companies and multiple-member limited liability | ||
companies. | ||
SECTION 2. The change in law made by this Act is intended | ||
only to clarify existing law with respect to the applicability of | ||
charging orders to limited liability companies. | ||
SECTION 3. This Act takes effect September 1, 2023. | ||
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