Sec. 101.105.  ISSUANCE OF MEMBERSHIP INTERESTS AFTER FORMATION OF COMPANY.  A limited liability company, after the formation of the company, may:
(1)  issue membership interests in the company to any person with the approval of all of the members of the company;  and
(2)  if the issuance of a membership interest requires the establishment of a new class or group of members or membership interests, establish a new class or group as provided by Sections 101.104(a)(2), (b), and (c).
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.