83R7322 DDT-F
By: Cortez H.B. No. 1624
A BILL TO BE ENTITLED
AN ACT
relating to the name of a series limited liability company.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 101.601, Business Organizations Code, is
amended by adding Subsection (c) to read as follows:
(c) A limited liability company establishing a series shall
name the series. The name of the series must contain the name of the
limited liability company followed by the word "series" and a
unique identifying number.
SECTION 2. Section 101.601(c), Business Organizations
Code, as added by this Act, applies only to a series established by
a limited liability company on or after the effective date of this
Act.
SECTION 3. This Act takes effect September 1, 2013.