Business Organizations Code revisor's report, part 4

or by mail.
D. Except as otherwise provided in the
articles of organization or the regulations,
if the limited liability company has
managers, meetings of members shall be held
on written or printed notice, stating the
place, day, and hour of the meeting and, in
the case of a special meeting, the purpose or
purposes for which the meeting is called,
which notice shall be delivered to the
members not less than 10 or more than 60 days
before the meeting, either personally or by
mail.
Revisor's Note
Section 101.352 states the requirements
for notice of regular and special meetings of
the members, governing authority, and
committees of the governing authority of a
limited liability company. Except in certain
cases, existing law leaves notice
requirements solely to the provisions of the
regulations. This change provides a new
default rule.
Revised Law
Sec. 101.353. QUORUM. A majority of all of the governing
persons, members, or committee members of a limited liability
company constitutes a quorum for the purpose of transacting
business at a meeting of the governing authority, members, or
committee of the company, as appropriate. (TLLCA 2.23.A (part).)
Source Law
A. Except as otherwise provided in this
Act, in the articles of organization, or in
the regulations, a majority of the members,
managers, or members of any committee
constitutes a quorum for the transaction of
business at any meeting of the members, the
managers, or the committee. . . .
Revisor's Note
No substantive change is intended.
Revised Law
Sec. 101.354. EQUAL VOTING RIGHTS. Each governing person,
member, or committee member of a limited liability company has an
equal vote at a meeting of the governing authority, members, or
committee of the company, as appropriate. (TLLCA 2.23.F.)