Sec. 101.108.  ASSIGNMENT OF MEMBERSHIP INTEREST.  (a)  A membership interest in a limited liability company may be wholly or partly assigned.
(b)  An assignment of a membership interest in a limited liability company:
(1)  is not an event requiring the winding up of the company;  and
(2)  does not entitle the assignee to:
(A)  participate in the management and affairs of the company;
(B)  become a member of the company;  or
(C)  exercise any rights of a member of the company.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.