Texas Limited Liability Company Operating Agreement

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TEXAS LIMITED LIABILITY COMPANY OPERATING AGREEMENT
FOR
___________________________
This Company Agreement of this MANAGER MANAGED LIMITED LIABILITY COMPANY
organized pursuant to Title 3, Chapter 101 of the Texas Business Organizations code, is
entered into and shall become effective as of the Effective Date by and among the Company
and the persons executing this Agreement as Members. It is the Members express intention to
create a limited liability company in accordance with the Act, as currently written or
subsequently amended or redrafted. Therefore, all provisions of this document shall be
construed consistent with the afore described intent of the Members. Accordingly, in
consideration of the conditions contained herein, he/she/they agree as follows:
ARTICLE I
Company Formation
1.1
FORMATION. The Members hereby form a Limited Liability Company
("Company") subject to the provisions of state law as currently in effect as of this
date. Articles of Organization shall be filed with the Secretary of State.
1.2
REGISTERED OFFICE AND AGENT. The name and address of the initial
Texas registered agent for service of process shall be stated in the Texas LLC
Certificate of Formation.
1.3
TERM. The Company shall continue for a perpetual period.
(a) Members whose capital interest as defined in Article 2.2 exceeds 50 percent
vote for dissolution; or
(b) Any event which makes it unlawful for the business of the Company to be
carried on by the Members; or
(c) Any other event causing dissolution of this Limited Liability Company under
applicable state laws.
1.4
CONTINUANCE OF COMPANY. Notwithstanding the provisions of ARTICLE
1.3, in the event of an occurrence described in ARTICLE 1.3(c), if there are at
least one remaining Member(s), said remaining Member)s) shall have the right to
continue the business of the Company
1.5
BUSINESS PURPOSE. The Company shall conduct any and all lawful business
deemed
appropriate to execute the company’s objectives.
 
Operating   A greement   -­‐   1  
 
 

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