Texas Business Organizations Code 101.636 – Prohibition On Merger Permitted
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Terms Used In Texas Business Organizations Code 101.636
- Protected series: means a series of a domestic limited liability company that is established as a protected series in accordance with § 101. See Texas Business Organizations Code 1.002
- Registered series: means a series of a domestic limited liability company that is formed as a registered series in accordance with § 101. See Texas Business Organizations Code 1.002
A company agreement may provide that a protected series or registered series does not have the power to merge under § 101.633.