The Twisted Veil of Texas LLCs

21 Pages Posted: 23 Sep 2016

See all articles by Val Ricks

Val Ricks

South Texas College of Law Houston

Date Written: 2014

Abstract

In this article, I unwind the Texas limited liability company law of “veil-piercing,” the convoluted exception to the rule that a business entity is legally separate from its owners. The Texas statutes as presently written both (1) forbid veil-piercing of limited liability companies and (2) specify how veil-piercing of limited liability companies is to be done. After demonstrating this absurdity, the article recommends how courts and the legislature should react to it.

Keywords: Limited Liability Company, Business Associations, Veil-Piercing

JEL Classification: K20, K22

Suggested Citation

Ricks, Val D, The Twisted Veil of Texas LLCs (2014). Texas Journal of Business Law, Vol. 46, 2014. Available at SSRN: https://ssrn.com/abstract=2842373

Val D Ricks (Contact Author)

South Texas College of Law Houston ( email )

1303 San Jacinto Street
Houston, TX 77002
United States
7136462944 (Phone)

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