Examples of TBCA in a sentence
Subject to Section C of this Article, Articles 2.07, 4.14, and 5.14 and Part Seven of the TBCA apply to a limited liability company and its members, managers, and officers.
Section 11.314 is titled “Involuntary Winding Up and Termination of Partnership or Limited Liability Company” and provides a remedy similar to those in the former TBCA, upon which Davis was, in part, based.
The concept of perpetual existence of a corporation was a relatively new concept in 1955 when the TBCA was adopted.
The fees are comparable to fees presently authorized under the TBCA for comparable filing instruments.
Under the TBCA, such a right is granted only in certain circumstances, including, for example, Articles 5.03.L (mergers), 5.17.E (conversions) and 6.05.A (dissolutions).