Sec. 101.102.  QUALIFICATION FOR MEMBERSHIP.  (a)  A person may be a member of or acquire a membership interest in a limited liability company unless the person lacks capacity apart from this code.
(b)  A person is not required, as a condition to becoming a member of or acquiring a membership interest in a limited liability company, to:
(1)  make a contribution to the company;
(2)  otherwise pay cash or transfer property to the company;  or
(3)  assume an obligation to make a contribution or otherwise pay cash or transfer property to the company.
(c)  If one or more persons own a membership interest in a limited liability company, the company agreement may provide for a person to be admitted to the company as a member without acquiring a membership interest in the company.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by: 
Acts 2005, 79th Leg., Ch. 64 (H.B. 1319), Sec. 71, eff. January 1, 2006.