Legislative Blog
J.B. Williams, J.D.
2 bills that modify the Business Organization Code
A Blog about 88th Legislature Laws
A Bit of Background
The following backgrounds help summarize the author's views on both the general topic: Texas and more specifically 88th Legislature Laws as it relates to that topic.
Brief Summary of Texas
Texas is truly a Republic. There are a multitude of items that to modify the state constitution must be modified. So there are times when Constitutional amendments are on the voting ballots. While I sometimes abhor the wording, the concept that all of those legally able to vote in Texas must vote on the change is a good one. And bills in Texas are generally short, making it easier for everyone to understand.
Summary of 88th Legislature Laws
The blogs here will discuss the laws passed by Congress and signed into law, as well as those, passed by Congress and approved by the voters to become law. There are a multitude of laws and each time I post blogs I will notate here the current effective date if it is different from prior blogs. I am currently posting bills that took effect immediately - those bills total 336. I am currently posting regarding larger bills, so each blog covers a single bill.
Blog Summary
HB 1957 - Availability of financial information of nonprofit corporations
SB 2314 - Membership interest in a limited liability company
2 bills that modify the Business Organization Code
Published: 2024-09-17
HB 1957
Availability of financial information of nonprofit corporations
Documents required for public inspection must be maintained for 3 years. They must make the documents available for public inspection but may charge a reasonable fee for preparing a copy.
SB 2314
Membership interest in a limited liability company
Limited liability companies may be subject to charging order, or interest ordered by a court. This applies to single-member limited liability companies and multiple-member limited liability companies.
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