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Business Organizations Code revisor's report, part 4

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agreement; and<br />

(7) except as provided by Subsection (b), a written<br />

statement of:<br />

(A) the amount of a cash contribution and a<br />

description and statement of the agreed value of any other<br />

contribution made or agreed to be made by each member;<br />

(B) the dates any additional contributions are to<br />

be made by a member;<br />

(C) any event the occurrence of which requires a<br />

member to make additional contributions;<br />

(D) any event the occurrence of which requires<br />

the winding up of the company; and<br />

(E) the date each member became a member of the<br />

company.<br />

(b) A limited liability company is not required to keep or<br />

make available at its principal office in the United States a<br />

written statement of the information required by Subsection<br />

(a)(7) if that information is stated in the company agreement.<br />

(c) A limited liability company shall keep at its<br />

registered office located in this state and make available to a<br />

member of the company on reasonable request the street address of<br />

the company's principal office in the United States in which the<br />

records required by this section and Section 3.151 are maintained<br />

or made available. (TLLCA 2.22.A, C.)<br />

Source Law<br />

A. A domestic limited liability company<br />

shall keep and maintain the following records<br />

in its principal office in the United States<br />

or make them available in that office within<br />

five days after the date of receipt of a<br />

written request under Section E of this<br />

Article:<br />

(1) a current list that states:<br />

(a) the name and mailing<br />

address of each member;<br />

(b) the percentage or other<br />

interest in the limited liability company<br />

owned by each member; and<br />

(c) if one or more classes or<br />

groups are established in or under the<br />

articles of organization or regulations, the<br />

names of the members who are members of each<br />

specified class or group;<br />

(2) copies of the federal, state,<br />

and local information or income tax returns<br />

for each of the limited liability company's<br />

six most recent tax years;

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