83R15094 DDT-F
By: Cortez H.B. No. 1624
A BILL TO BE ENTITLED
AN ACT
relating to the assumed name of a series limited liability company.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 71.002(2), Business & Commerce Code, is
amended to read as follows:
(2) "Assumed name" means:
(A) for an individual, a name that does not
include the surname of the individual;
(B) for a partnership, a name that does not
include the surname or other legal name of each joint venturer or
general partner;
(C) for an individual or a partnership, a name,
including a surname, that suggests the existence of additional
owners by including words such as "Company," "& Company," "& Son,"
"& Sons," "& Associates," "Brothers," and similar words, but not
words that merely describe the business being conducted or the
professional service being rendered;
(D) for a limited partnership, a name other than
the name stated in its certificate of formation;
(E) for a company, a name used by the company;
(F) for a corporation, a name other than the name
stated in its certificate of formation or a comparable document;
(G) for a limited liability partnership, a name
other than the name stated in its application filed with the office
of the secretary of state or a comparable document; and
(H) for a limited liability company, a name other
than the name stated in its certificate of formation or a comparable
document, including the name of any series of the limited liability
company established by its company agreement.
SECTION 2. This Act takes effect September 1, 2013.