Sec. 101.002. APPLICABILITY OF OTHER LAWS. (a) Subject to Section 101.114, Sections 21.223, 21.224, 21.225, and 21.226 apply to a limited liability company and the company's members, owners, assignees, affiliates, and subscribers.
(b) For purposes of the application of Subsection (a):
(1) a reference to "shares" includes "membership interests";
(2) a reference to "holder," "owner," or "shareholder" includes a "member" and an "assignee";
(3) a reference to "corporation" or "corporate" includes a "limited liability company";
(4) a reference to "directors" includes "managers" of a manager-managed limited liability company and "members" of a member-managed limited liability company;
(5) a reference to "bylaws" includes "company agreement"; and
(6) the reference to "Sections 21.157-21.162" in Section 21.223(a)(1) refers to the provisions of Subchapter D of this chapter.
Added by Acts 2011, 82nd Leg., R.S., Ch. 25 (S.B. 323), Sec. 1, eff. September 1, 2011.
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