Texas Corporation Act Withdrawal Of Counsel
Description
How to fill out Articles 5.11, 5.12 And 5.13 Of Texas Business Corporation Act?
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FAQ
The company agreement of a limited liability company may expand or restrict any duties, including fiduciary duties, and related liabilities that a member, manager, officer, or other person has to the company or to a member or manager of the company.
The entity must: Take the necessary internal steps to wind up its affairs. ... Submit two signed copies of the certificate of termination. ... Unless the entity is a nonprofit corporation, attach a Certificate of Account Status for Dissolution/Termination issued by the Texas Comptroller. ... Pay the appropriate filing fee.
Form 608, Certificate of Withdrawal of Registration, on line 7, allows that the entity revokes the authority of the registered agent immediately and consents to service of process through the Texas Secretary of State.
Under Texas law, a member of an LLC may neither voluntarily withdraw nor be expelled from a Texas LLC. However, an agreement can modify this statutory default prohibition.
101.108. ASSIGNMENT OF MEMBERSHIP INTEREST. (a) A membership interest in a limited liability company may be wholly or partly assigned. (C) exercise any rights of a member of the company.