Sec. 101.110.  RIGHTS AND LIABILITIES OF ASSIGNEE OF MEMBERSHIP INTEREST AFTER BECOMING MEMBER.  (a)  An assignee of a membership interest in a limited liability company, after becoming a member of the company, is:
(1)  entitled, to the extent assigned, to the same rights and powers granted or provided to a member of the company by the company agreement or this code;
(2)  subject to the same restrictions and liabilities placed or imposed on a member of the company by the company agreement or this code;  and
(3)  except as provided by Subsection (b), liable for the assignor's obligation to make contributions to the company.
(b)  An assignee of a membership interest in a limited liability company, after becoming a member of the company, is not obligated for a liability of the assignor that:
(1)  the assignee did not have knowledge of on the date the assignee became a member of the company;  and
(2)  could not be ascertained from the company agreement.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.