Volume 45, Issue No. 1 (Fall, 2012)
This paper discusses the state of law on Series LLCs under the Texas Business Organizations Code (“TBOC”) with some consideration of other jurisdictions’ laws and practice pointers for resolving the issues presented by the statutory formulation for the Series LLC. After discussing what Series LLCs are and can do, the paper will analyze points of ambiguity and development where the results of the use of the Series structure may not be perfectly clear.