During the Survey period, Texas courts continued to grapple with a number of key partnership and limited liability company issues, in some cases providing a clearer path on previously unclear matters and in other cases merely adding to a body of seemingly inconsistent authorities. The cases below highlight controversies concerning fiduciary duties, veil piercing, the legal effect of a conversion from a corporation to a limited liability company (LLC) and arbitration provisions in LLC agreements, among other issues.
Jeff Dorrill, et al., Partnership Law, 1 SMU Ann. Tex. Surv. (2014)